The Siegel Group Nevada has acquired the shuttered Atrium Suites Hotel in Las Vegas for $4.2 million. The property closed in 2008 for a large-scale renovation but never reopened due to the economic downturn. The Siegel Group is considering how to best reposition the property; the developer is lining up talks with major national hotel brands but has not ruled out the possibility of operating it as a boutique hotel.
