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The historic Gold Spike & Oasis lodge is being shopped round.
Brokerage agency Logic Business Actual Property, employed by the late Zappos boss Tony Hsieh’s household to promote items of his actual property portfolio, sought gives for the downtown Las Vegas property by Dec. 7, in keeping with its web site.
Logic didn’t checklist an asking worth and didn’t present any remark for this story, together with if a proposal was accepted.
In line with Logic’s web site, the 2 adjoining properties have 130 rooms and a bar and nightlife venue. It additionally famous the Gold Spike has been working with out playing, however possession preserved its Nevada gaming license.
The Gold Spike & Oasis opened in 1976 because the Rendezvous and the properties have a mixed sq. footage of 70,861, located on 1.5 acres. In line with property data, Hsieh bought the location in 2013 for $22 million.
Hsieh was the previous CEO of on-line shoe vendor Zappos and the face of downtown Las Vegas’ revival, changing into one of many largest property homeowners within the space. He died in November 2020 on the age of 46 from accidents suffered throughout a Connecticut home hearth.
Hsieh didn’t depart a will and amassed his portfolio via a aspect enterprise — initially referred to as Downtown Venture — that he launched in 2012 to pump $350 million into the Fremont Road space.
Logic has been given the inexperienced gentle to promote 5 of Hsieh’s properties, which embrace boutique lodge The Downtowner, the John E. Carson workplace and retail constructing and the constructing occupied by Nacho Daddy on Fourth Road.
In September of this 12 months, Logic chairman Brendan Keating purchased one in all Hsieh’s properties, a key piece of downtown actual property on the nook of Fremont Road and Las Vegas Boulevard.
Keating bought it for $14.6 million, property data present. Tenants embrace varied eating places and bars together with Encourage Nightclub, Flippin Good and Downtown Cocktail Room.
Contact Patrick Blennerhassett at pblennerhassett@reviewjournal.com.
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