Gold Spike (property)

History

Rendezvous (1976-85)

It originally opened in 1976 as the 112-room Rendezvous, owned by the 76 Corporation. In 1983 Jackie Gaughan purchased the property after it had been closed for several months.

Gold Spike Hotel & Casino (1985-2013)

The Gold Spike, for many years, was known as an inexpensive downtown Las Vegas hotel with decent rooms, limited amenities, and a decent sized casino.

On December 6, 2002, Jackie Gaughan agreed to sell the Gold Spike and three other casinos to Barrick Gaming.{{cite web | access-date = December 8, 2008 | archive-date = April 15, 2012 | archive-url = https://web.archive.org/web/20120415061818/http://www.secinfo.com/dR7Km.32Eu.d.htm | url-status = dead Barrick Gaming Corp was in partnership with Tamares Group. After the purchase, management discontinued the table games and only offered slot machines. In a few years the property was offered for sale.{{cite news

On July 23, 2007, Greg Covin bought the property for $15.6 million with the intention of turning it into a boutique hotel.{{cite news

Covin sold The Gold Spike on February 4, 2008 for $21 million to The Siegel Group.{{cite news

The Siegel Group set out to completely renovate the property and combine it with an old and forgotten 52-room motel located next to the property. As one author wrote, the Gold Spike now has "Quartz walls, tile floors, wood accents, and new everything", making it "a very modern boutique hotel in the heart of downtown". The first floor, containing the gaming floor, the bar, and the restaurant, was completely renovated by February 2009.

By April 2010, all guest floors and the exterior of the hotel has been completely remodeled and renovated. In May 2010, the Oasis Pool opened, giving Gold Spike a swimming pool.

In April 2013, it was reported that the property's debt had been acquired by Tony Hsieh's Downtown Project, a campaign to revitalize downtown Las Vegas.

Casino closure

Siegel then announced that it had sold the Gold Spike to the Downtown Project, and that the casino would close on April 14. Siegel retained rights to the Gold Spike name, and said that the company needed to dispose of smaller properties on its way to owning larger casinos on the Strip.

Oasis at The Gold Spike

The adjacent 3-story motel was originally built in 1962 as a 57-room Travel Inn Motel. The property was abandoned, becoming a blight between the Fremont Street Experience and Las Vegas City Hall. The Siegel Group purchased this property in August 2007 for $5 million and started making plans to renovate it and reopen the property. Plans were put on hold when they purchased the neighboring Gold Spike. Finally, by April 2010, the rooms had been completely renovated and renamed "The Oasis at The Gold Spike" and connected to the Gold Spike via an outdoor lounge and walkway. After a reconfiguration of the property, it was left with 50-rooms, which have been modernized and turned into bungalow suites.

The Oasis at the Gold Spike had the distinction of being the only downtown hotel with a Las Vegas Blvd. address. In May 2010, the City of Las Vegas changed the entire Gold Spike property to this address.

References

References

1. Hansel, Mark. (13 February 2009). "The transformation of downtown's Gold Spike - Las Vegas Sun News". Lasvegassun.com.
2. Bowles, Nellie. (September 30, 2014). "The Gold Spike: Welcome to Your Las Vegas Entrepreneur Dorm".
3. Jerry Fink. (3 May 2013). "Joe Downtown: Casino-less Gold Spike opens Monday; old pizza place to get new life - Las Vegas Sun News". Lasvegassun.com.
4. Deiner, John. (August 26, 2001). "Four for the money". The Los Angeles Times.
5. (November 11, 2004). "Company News; Barrick Gaming Paying $31 Million For Nevada Casino". The New York Times.
6. (2010-04-04). "New owners bring money, optimism to downtown | Las Vegas Review-Journal". Lvrj.com.
7. (February 28, 2015). "Quirky '70s-inspired hotel brings 'choice vibes' to downtown".
8. Joe Schoenmann. (April 10, 2013). "Joe Downtown: Want a room at the Gold Spike? You might try booking it through Zappos". Las Vegas Sun.
9. Benjamin Spillman. (April 11, 2013). "Downtown Project buys Gold Spike, casino to close on Sunday". Las Vegas Review-Journal.
10. Joe Schoenmann. (April 11, 2013). "Joe Downtown: Downtown Project adds Gold Spike to its property holdings; casino to close Sunday". Las Vegas Sun.
11. (2010-04-14). "Siegel Group Establishes Las Vegas 'Boutique Chic Retreats' Portfolio". hotelbusiness.com.
12. (2011-07-06). "The Las Vegas Remodeling Project". Q Remodeling Construction Group.
13. (2010-04-13). "Rumor has it". Las Vegas Weekly.
14. (April 14, 2010). "Siegel Group Brings Boutique Chic Retreats to Las Vegas".
15. (2010-04-14). "The Siegel Group To Open Rumor Hotel In June". Hotelinteractive.com.
16. "Growing Pains: Gold Spike Hotel and Casino to Close on Sunday; Making Room for Redevelopment - Las Vegas Informer".