In September 2000 , the Regent defaulted on various payments to creditors . By November , executives were attempting to renegotiate the property 's debt , and 239 of the resort 's 1,700 employees had been laid off . The Regent filed for Chapter 11 bankruptcy protection later that month , and soon began seeking a buyer for the property . Real estate developer Peccole Nevada was selected as the stalking horse bidder , with an offer of $ 150 million , but then withdrew its bid after a disagreement with its financing partner . A new bid of $ 80 million by Los Angeles-based hotel company Maritz , Wolff was then selected , but was also withdrawn after negotiations with the Regent 's creditors broke down . Finally , the resort was sold to Hotspur Resorts , the hotel affiliate of Canadian real estate firm Larco Investments , for $ 80 million . Observers had expected a competitive auction with bids from major casino operators , but most potential buyers lost interest after the September 11 attacks , which occurred two weeks before the auction . Hotspur completed its purchase in November 2001
September 11 attacks
September 11 attacks
JW Marriott Las Vegas