Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

7 of 8
BACKNEXT
Loews Lake Las Vegas
Location: Henderson, Nev.
Stars: 3
Labor Day Weekend rate: $96

This resort hotel lies nearly 20 miles from the Las Vegas strip. There are water sports of all kinds here -- kayaking, fishing and swimming -- but also golf, tennis and a floating skating rink.

The Moroccan-themed decorations set off the plush guest rooms where visitors enjoy such amenities as flat-screen televisions, terry robes and high-speed wireless internet.

But the recession has tempered Sin City and hotels are competing with each other to slash prices on rooms, meals and entertainment in order to get people through the casino doors.

Default: Loews transferred title to its lender, Wells Fargo, in June. The bank had already advanced Loews more than a half million to keep the resort running after Loews and the majority investor -- an undisclosed private party -- missed payments on a $117 million loan. A Loews spokeswoman attributed much of the hotel's financial problems to the severe drop-off in corporate meetings, which represents about 50% of Loew's business.

NEXT: The Watergate Hotel
Last updated July 27 2009: 10:19 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
How New Orleans is learning to live with water After Hurricane Katrina, the city of New Orleans had to reinvent the way it manages water and protects itself from future storms. More
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More

Special Offer