Gold Spike Hotel and Casino
Encyclopedia
Gold Spike Hotel and Casino is a boutique 112-room, seven floor hotel-casino, connected with the Oasis at the Gold Spike, a 50-room three floor hotel located in downtown Las Vegas.
purchased the property after it had been closed for several months. The Gold Spike for years has been known as an inexpensive hotel with few amenities.
On December 6, 2002 Gaughan and Barrick Gaming signed an AGREEMENT OF PURCHASE AND SALE to sell the Gold Spike and three other casinos. This sale, along with several other downtown Las Vegas hotel/casinos, was completed in 2004, for a combined total of about $82 million.
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.
On 23 July 2007 Greg Covin bought the property for $15.6 Million with the original intention of turning it into a boutique hotel.
He sold it on February 4, 2008 for $21 million to The Siegel Group
.
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, which contains 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 May 2010, the City of Las Vegas changed the combined Gold Spike Hotel & Casino and The Oasis at Gold Spike's address from 400 E. Ogden to 217 Las Vegas Blvd North, making it the only downtown Las Vegas Hotel / Casino with a Las Vegas Blvd address.
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.
36.1709°N 115.1406°W
History
It originally opened in 1976 as the 112-room Rendezvous. In 1983 Jackie GaughanJackie Gaughan
John D. "Jackie" Gaughan, Sr. is a casino owner and operator from the early 1950s in Las Vegas, Nevada. Jackie is a native of Omaha, Nebraska who currently calls the El Cortez home. He is often seen daily on the El Cortez's modest size casino floor which begins at the hotel's front desk and main...
purchased the property after it had been closed for several months. The Gold Spike for years has been known as an inexpensive hotel with few amenities.
On December 6, 2002 Gaughan and Barrick Gaming signed an AGREEMENT OF PURCHASE AND SALE to sell the Gold Spike and three other casinos. This sale, along with several other downtown Las Vegas hotel/casinos, was completed in 2004, for a combined total of about $82 million.
Barrick Gaming Corp was in partnership with Tamares Group
Tamares Group
Tamares Group is a private investment group based in Vaduz, Liechtenstein. The company has interests in real estate, technology, manufacturing, leisure and media...
. After the purchase, management discontinued the table games and only offered slot machines. In a few years the property was offered for sale.
On 23 July 2007 Greg Covin bought the property for $15.6 Million with the original intention of turning it into a boutique hotel.
He sold it on February 4, 2008 for $21 million to The Siegel Group
The Siegel Group
The Siegel Group Nevada, Inc is a diverse company based in Paradise, Nevada and Studio City, California. It owns and operates Boutique Hotels, Hotel Casinos, Restaurants, Apartments, Bars, Office Buildings, Retail Franchises, Shopping Centers, and More....
.
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, which contains 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 May 2010, the City of Las Vegas changed the combined Gold Spike Hotel & Casino and The Oasis at Gold Spike's address from 400 E. Ogden to 217 Las Vegas Blvd North, making it the only downtown Las Vegas Hotel / Casino with a Las Vegas Blvd address.
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 blightBlight
Blight refers to a specific symptom affecting plants in response to infection by a pathogenic organism. It is simply a rapid and complete chlorosis, browning, then death of plant tissues such as leaves, branches, twigs, or floral organs. Accordingly, many diseases that primarily exhibit this...
between the Fremont Street Experience
Fremont Street Experience
The Fremont Street Experience is a pedestrian mall and attraction in downtown Las Vegas, Nevada. The FSE occupies the westernmost 5 blocks of Fremont Street, including the area known for years as "Glitter Gulch," and portions of some other adjacent streets.The attraction is a barrel vault canopy,...
and Las Vegas City Hall
Las Vegas City Hall
Las Vegas City Hall is the center of municipal government for the City of Las Vegas, Nevada. It is located downtown, with its main entrance on Stewart Avenue. It is cited as an example of 1960s modern architecture. The original eleven-story central tower was completed in 1973. An addition was...
. 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
Downtown Las Vegas
Downtown Las Vegas is the central business district of Las Vegas, Nevada. It is the original gambling district of Las Vegas, prior to the Strip, and the area still incorporates downtown gaming.-Tourism:...
hotel with a Las Vegas Blvd.
Las Vegas Boulevard
State Route 604 is the route number designation for parts of Las Vegas Boulevard, a major north–south road in the Las Vegas metropolitan area of Nevada in the United States best known for the Las Vegas Strip and its casinos. Formerly carrying U.S...
address. In May 2010, the City of Las Vegas changed the entire Gold Spike property to this address.
External links
36.1709°N 115.1406°W