Gold Spike Downtown Las Vegas Hotel Bought For $15.6 Million By Covin
Monday, July 23rd, 2007Gold Spike downtown Las Vegas hotel purchased by Miami real estate developer Gregg Covin. He visited downtown last week for inspection of the Gold Spike hotel currently owned by Tamares Las Vegas Properties. He plans to remodel the property to a boutique hotel with rates from $125 to $150 per night.
There are many skeptics who don’t think Covin can convert the downtown casino. He notes that this is not any where near the worst piece of real estate that he’s seen in his 20 years of running his real estate family’s business.