UPDATE ON JULY 5: Say goodbye to the Resort on Mount Charleston, and hello to the Retreat on Charleston Peak.
It's a change of name and a change of faces - new owners say the resort will be a unique experience inside and out.
"It was a property that had everything it needed, just an owner who didn't care about it," said Colin Crossman, one of the new owners. "We can get in there, and we can restore it to what people remember it as it was in the '80s and early '90s."
Crossman says it will be a gradual process, but in the end, he believes it will bring even more locals and tourists in for a stay.
"They can come here to stay, they can come here for food, and once we implement these changes it's going to be a beautiful experience," he says.
Crossman says these upgrades will be finished in about three years, but folks can start seeing some of the smaller upgrades this year.
Rhea Hospitality, a group based out of North Carolina, has purchased Resort on Mount Charleston on Kyle Canyon Road from Siegel group for $4.8 million.
The sale became official on June 26 at 5 p.m. and the co-owner of Rhea Hospitality, Deanna Crossman, says the resort needs some major TLC (tender love and care).
Rhea Hospitality plans on changing all the menus, extending bar hours and including more craft cocktails. They are also renovating the interior furniture, paint, bathrooms, and more.
Next spring, they plan on adding a pool and hot tubs.
The founder of the Siegel Group acquired a 50 percent ownership stake in the hotel in 2008 and full ownership in 2012. The Siegel Group also operates Siegel Suites, a chain of low-priced apartments. Minor updates took place around the time Steve Siegel took ownership but the resort has mostly relied on corporate-sponsored events.