The operator of a “cannabis-friendly” resort in Phoenix has acquired a boutique house in close proximity to the Strip.

Pro Hospitality Group proprietor Alex Rizk acquired the 64-place Artisan lodge at Sahara Avenue and Interstate 15 for $11.9 million.

The sale, by The Siegel Group founder Stephen Siegel, shut this thirty day period, assets information display.

Rizk not long ago informed the Review-Journal that he is preparing a nearly $3 million renovation of the Artisan, 1501 W. Sahara Ave. He hopes to start out the overhaul in the upcoming 60 times and end by September.

He also explained he hopes to make the lodge “cannabis pleasant,” pending finalization of laws and regulations in Nevada.

“This is a life-style, boutique hotel,” Rizk reported.

The Evaluation-Journal reported in January that Clark County officials were carefully monitoring the state’s initiatives to control hashish intake lounges.

When they open this 12 months in Nevada, soon after approval in the point out Legislature very last summer months, lounges would offer locals and travelers with spots to take in cannabis. But the state’s Hashish Compliance Board must very first finalize rules, which regional jurisdictions can then strengthen if they want.

Pro Hospitality Group is based mostly in Phoenix, and its portfolio includes a resort known as The Clarendon. The hotel’s web site states it delivers “cannabis-welcoming rooms and amenities” that allow “vaping, dabbing, flower, etcetera.” as very well as a hashish lounge that is out there for lodge company and the normal general public.

“Since we are at present a break up-use resort with cannabis and non-smoking rooms, we do inquire that any using tobacco just take area in your cannabis-helpful area and not in the general public parts of the hotel,” the web page claims. “Vapes and smokeless solutions can be employed in outdoor public locations, not like the cafe.”

The lodge also is “working on a cannabis shuttle service to take resort attendees from the hotel to a regional dispensary and back again once more,” the internet site states.

The Siegel Team, which introduced in early 2010 that it obtained the Artisan by means of the foreclosures course of action, claimed in a news release on the sale that the Artisan offers a “hip, personal atmosphere.” It had a bar and lounge “with a well-known right after-hrs scene,” as properly as a cafe, marriage ceremony chapel, and “one of the several topless pools in city,” the release claimed.

True estate brokerage NAI Vegas, which represented The Siegel Group in the sale, said in a release that the five-tale, nongaming lodge was constructed in 1979 and transformed to the Artisan brand name in 2006.

Contact Eli Segall at [email protected] or 702-383-0342. Abide by @eli_segall on Twitter.