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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000899140-06-001665.txt : 20061122
<SEC-HEADER>0000899140-06-001665.hdr.sgml : 20061122
<ACCEPTANCE-DATETIME>20061122162527
ACCESSION NUMBER:		0000899140-06-001665
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061121
FILED AS OF DATE:		20061122
DATE AS OF CHANGE:		20061122

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COLONY RESORTS LVH ACQUISITIONS LLC
		CENTRAL INDEX KEY:			0001282607
		STANDARD INDUSTRIAL CLASSIFICATION:	HOTELS & MOTELS [7011]
		IRS NUMBER:				470924934
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	MAIL ADDRESS:	
		STREET 1:		660 MADISON AVENUE
		STREET 2:		SUITE 1600
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10021

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Colony Resorts LVH VoteCo, LLC
		CENTRAL INDEX KEY:			0001290196
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50635
		FILM NUMBER:		061236769

	BUSINESS ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1200
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-552-7216

	MAIL ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1200
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>crlv_collvhacq4-112206ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-11-21</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001282607</issuerCik>
        <issuerName>COLONY RESORTS LVH ACQUISITIONS LLC</issuerName>
        <issuerTradingSymbol>N/A</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001290196</rptOwnerCik>
            <rptOwnerName>Colony Resorts LVH VoteCo, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3000 PARADISE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LAS VEGAS</rptOwnerCity>
            <rptOwnerState>NV</rptOwnerState>
            <rptOwnerZipCode>89109</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Membership Units</value>
            </securityTitle>
            <transactionDate>
                <value>2006-11-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>0.015</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.001</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0.585</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On November 21, 2006, Nicholas L. Ribis exercised an option to purchase 0.015 Class A membership units in Colony Resorts LVH
 Acquisitions LLC from Colony Resorts LVH Voteco, LLC.</footnote>
        <footnote id="F2">After December 7, 2004, the option exercise price accrued interest at an annual rate of eight percent (8%), compounded
 quarterly, computed on the basis of a 360-day year of twelve 30-day months.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Colony Resorts LVH Voteco, LLC, By: Thomas J. Barrack, Jr., Sole Member /s/ Thomas J. Barrack, Jr.</signatureName>
        <signatureDate>2006-11-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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