2012 will be a fresh new start for the classic Las Vegas Hilton hotel that changed name to The LVH-Las Vegas Hotel & Casino a few days ago. The changeover began last month with removal of the gigantic Las Vegas Hilton sign out front.
The hotel, which is owned by Thomas Barrack's (a billionaire from Los Angeles) Colony Capital LLC, decided not to renew the licensing deal, which expired at the end of 2011, with Hilton Worldwide - after an light-year business relationship. It remains unclear why Colony Capital decided to terminate the contract after so many successful years. And neither Colony Capital nor Hilton Worldwide have commented on the matter.
