FOR IMMEDIATE RELEASE
  
  WESTGATE RESORTS ANNOUNCES THE ACQUISITION 
  OF THE LVH - LAS VEGAS HOTEL & CASINO 
  
  Resort will be rebranded as the Westgate Las Vegas Resort & Casino on July
  1, 2014 
    
  
  Las Vegas, Nevada (July 1, 2014) - Westgate Resorts is proud to announce the
  acquisition of the LVH - Las Vegas Hotel & Casino as the newest addition to
  its portfolio of 28 resorts.  Westgate LVH, LLC, which is wholly-owned by
  Westgate Resorts, Ltd., has acquired 100% of the membership interests in
  3000 Paradise Road, LLC, the owner of the LVH - Las Vegas Hotel ("LVH") &
  Casino. The property was formerly known as the Las Vegas Hilton and will be
  renamed Westgate Las Vegas Resort & Casino.  The LVH is a landmark property
  that, at one time, was the largest hotel in the world and was home to such
  legendary greats as Elvis Presley and Liberace during Vegas's golden age.
  The new Westgate Las Vegas Resort & Casino is located just one block off the
  world-famous Las Vegas Strip, is adjacent to the Las Vegas Convention
  Center, and is one of seven stations on the Las Vegas Monorail. 
  
  David Siegel, Founder and CEO of Westgate Resorts, proudly announced,
  "Westgate Las Vegas Resort & Casino will set the standard for service in Las
  Vegas." Siegel adds "We are very excited to be taking this important part of
  Vegas history and reinventing it for the next generation of Las Vegas
  visitors."  This iconic resort is 30 stories tall and is home to the largest
  freestanding sign in the world at 279 feet.  With nearly 3,000 rooms,
  including 300 opulent suites, Westgate will convert some of the rooms to
  luxury timeshare villas while still operating the resort hotel rooms and
  suites.  Westgate Las Vegas Resort & Casino features a 95,000 square foot
  casino with a wide array of table games and the hottest slot machines on the
  market, 200,000 square feet of meeting and convention space, incredible
  restaurants - including the largest Benihana restaurant in the United
  States, endless entertainment, a spa and fitness center, expansive pool with
  luxurious cabanas, access to golf at the exclusive Las Vegas Country Club,
  and the world's largest race and sports SuperBookR.
  
  "Although a selection of our rooms will be converted into timeshare villas,
  it is important to know that our resort hotel and legendary luxury suites
  will remain open to Las Vegas visitors and tourists, for vacations and
  conventions," explained Siegel.  "We will be providing the best of both
  worlds on our resort property," said Siegel.  Siegel further added, "Las
  Vegas is the center of the universe for luxury destination resorts and the
  new Westgate Las Vegas Resort & Casino is at the center of the Las Vegas
  renaissance."
  
  Financing is being provided by Western Alliance Resort Finance, a division
  of Western Alliance Bank. "We are delighted to have the opportunity to begin
  this relationship with Westgate as one of the premier developers in the
  industry and to provide the financing for this exciting project," said
  Robert Sarver, Western Alliance President and CEO. Added Tom Dugan, CFO of
  Westgate Resorts, "It was a pleasure working with the Western Alliance
  Resort Finance team on this transaction."
  
  Westgate Resorts closed on the property on June 30, 2014, and will retain
  Navegante Group, a well-known casino management company that has been
  managing the property since October 2012, to continue to operate the
  property. 
  
  For more information or to book accommodations at the new Westgate Las Vegas
  Resort & Casino, call toll free at (800) 732-7117 or log on to
  www.westgatelasvegasresort.com.
  
  ABOUT WESTGATE RESORTS
  One of the largest privately owned timeshare companies in the world,
  Westgate Resorts features luxury resorts in premier travel destinations such
  as Orlando, Florida; Park City, Utah; Las Vegas, Nevada; Gatlinburg,
  Tennessee; Branson, Missouri; Myrtle Beach, South Carolina; Williamsburg,
  Virginia; Miami, Florida; Mesa, Arizona; and Tunica, Mississippi. Founded in
  1980 by David A. Siegel, Westgate Resorts develops and operates uniquely
  themed destination resorts that include luxurious accommodations,
  destination health spas, water parks, restaurants and retail shopping
  outlets. For more information about Westgate Resorts, visit
  www.westgateresorts.com <http://www.westgateresorts.com> .
  
  About Navegante 
  Navegante, founded in 1995 by long-time casino executive Larry J. Woolf, is
  a full-service gaming company that offers consulting, development, leasing,
  and management capabilities along with executive recruiting services through
  its casinorecruiter.com division. Consisting of an elite group of
  professionals with unparalleled experience and capabilities in the
  development and management of hotel and casino projects, Navegante is
  licensed by gaming regulators in numerous jurisdictions and can promptly
  obtain gaming licenses in most municipalities that have or are considering
  gaming.
  
  About Western Alliance Bancorporation
  Western Alliance Bancorporation was founded by a successful group of veteran
  bankers and business leaders focused on serving businesses, entrepreneurs,
  real estate developers and others seeking a premier level of responsiveness
  for business banking. Today, Western Alliance Bancorporation is one of the
  top 100 publicly-held banking companies in the nation. Through its primary
  subsidiary, Western Alliance Bank, the bank provides full service banking in
  Arizona, California and Nevada and a national platform of related financial
  services.
  
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