Westgate Resorts has acquired the Las Vegas Hotel & Casino. The hotel, formerly known as the Las Vegas Hilton, will be renamed Westgate Las Vegas Resort & Casino.

“Westgate Las Vegas Resort & Casino will set the standard for service in Las Vegas,” said David Siegel, founder and CEO of Westgate Resorts. “We are very excited to be taking this important part of Vegas history and reinventing it for the next generation of Las Vegas visitors.”

The new Westgate Las Vegas Resort & Casino is located one block off the Las Vegas Strip, sits adjacent to the Las Vegas Convention Center and is home to one of the seven stations on the Las Vegas Monorail. It offers nearly 3,000 rooms and 200,000 square feet of meeting and convention space. Westgate is expected to convert some of the rooms to luxury timeshare villas while still operating the resort hotel rooms and suites.