Las Vegas, NV (KTNV) -- The LVH is officially no more. It became the Westgate Las Vegas Resort & Casino on Tuesday.
Crews removed the letters from the iconic Las Vegas sign in the morning. The new owner said the transition is a sign of the times.
The founder and CEO of the company was in a bucket that was lifted by a crane, up to the LVH letters, as they removed the L.
Westgate Resorts already owns 27 other properties around the world, most of which are timeshare properties.
Initially, they're going to convert about 200 of the 3,000 hotel rooms into timeshares, and the rest will remain hotel rooms.
The CEO said he plans to fix up every inch of the property.
"It's still stuck in the 70s. We're going to bring it into the millennium," David Siegel said, CEO and president of Westgate Resorts.
Siegel said he's also going to update the casino by bringing in newer and nicer slot machines.
As far as the employees, he said he's keeping everyone that's currently employed there.
The new Westgate sign is expected to be in place by the end of the week or early next week.