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Golden Nugget Downtown Las Vegas hotel adds a $121 million third tower.  Construction is progressing for the 25 story downtown tower with reinforcing pillars that will support the lower levels of the hotel casino.  The multi use space will include a pool deck, gaming, walk up retail and 524 additional luxury rooms.

Continue reading Golden Nugget Downtown Las Vegas Hotel Adds A $121 Million 3rd Tower

Gold Spike downtown Las Vegas NV casino sold for a cool $21 million just six months after Gregg Covin purchased the real estate. Covin made over $5 million in this commercial real estate transaction in recent Las Vegas casino news.

This real estate developer from Miami, Florida had visions of a hip and cool boutique hotel with upgraded restaurants for this downtown fixture.

John Tippins and Stephen Siegel purchased the Gold Spike hotel and casino. Seven months ago they also acquired the nearby Travel Inn for $5 million.

Continue reading Gold Spike Downtown Las Vegas NV Casino Sold For A Cool $21 Million

Gold 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.

Continue reading Gold Spike Downtown Las Vegas Hotel Bought For $15.6 Million By Covin