Artisan Hotel Boutique Sells for $11.9 Million

Las Vegas, NV (03/10/2022) – NAI Vegas is pleased to announce the sale of the 64-room, Artisan Hotel Boutique in Las Vegas, Nevada. The property sold for $11,900,000.

The five-story, non-gaming hotel was originally constructed in 1979 and later converted to the Artisan Hotel Boutique brand in 2006. During it’s time as the Artisan, the property was well-known for its themed entertainment, signature art, acclaimed dining, European-style pool, and its multiple television appearances.

Anders Graciano, Vice President of Hospitality at NAI Vegas, exclusively represented the seller, The Siegel Group, in the transaction. “It was a pleasure working with the entire Siegel team in getting this deal to the finish line and sold at full asking price,” stated Graciano.

The buyer, Pro Hospitality Group, has plans to renovate and makeover the entire property into a completely new and innovative hospitality concept.

Anders Graciano

Anders Graciano is the Vice President of NAI Vegas Hospitality Investment Group. Anders Graciano has an extensive background in international business consulting and commercial real estate. Mr. Graciano was born and raised in Copenhagen, Denmark. After attending business school, he worked in sales for 8 years including 3 years as head of sales for a large German I.T. distribution company, which lead him to join the Danish branch of a US I.T. distribution company.

About NAI Vegas and NAI Excel

NAI Excel and NAI Vegas are leading providers of Commercial Real Estate Services in the West. Operating as NAI Vegas in Nevada, and NAI Excel in Utah and Idaho, we are part of the NAI Global network covering nearly every major market nationally and across the globe. Serving both urban and rural markets, we leverage our resources to help you excel in your real estate goals. When you work with one of our team, you get the benefit of working with all of us.