{"id":10650,"date":"2013-04-18T16:21:20","date_gmt":"2013-04-19T00:21:20","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=10650"},"modified":"2013-04-18T16:41:50","modified_gmt":"2013-04-19T00:41:50","slug":"siegel-in-glitter-gulch-down-but-not-out","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/siegel-in-glitter-gulch-down-but-not-out\/","title":{"rendered":"Siegel in Glitter Gulch? Down, but not out?"},"content":{"rendered":"

S&G<\/em> contributor Jeff_in_OKC<\/strong> has been reading the entrails of the recent demise<\/a> of the Gold Spike<\/strong> (which had seemed<\/em> to be doing so much better under Spiegel Group<\/strong>) and sees cause for hope. Other nearby casinos weren’t slow to court ex-Gold Spike employees<\/a>, by the way. Jeff assembles the pieces of the theoretical strategy and — while it requires buyers to have a sudden appetite for casino-hotels — darned if it doesn’t make sense …<\/p>\n

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\"\"<\/span>In the Kats Report<\/em> from April 15, John Katsilometes<\/strong> stated that “The Siegel Group is not finished with its deal-making in Las Vegas. It\u00a0is possible Siegel will shed his other boutique properties — Rumor<\/strong>, Artisan<\/strong> (right<\/em>) and the Resort at Mount Charleston<\/strong> — and hard-focus his energy on a single downtown resort. A classic Vegas property, something where the company’s entire hotel interests are under a single roof.” Katsilometes also mentions that Siegel might sell the property on Paradise Road<\/a>, next door north from Hard Rock Hotel & Casino<\/strong> that has been known as Atrium Suites<\/strong>, and Crowne Plaza<\/strong> through the years.<\/div>\n
This can be a good thing for Downtown<\/strong>. And I am guessing — repeat, guessing — that the property in question\u00a0is <\/span>\"\"<\/span>the Las Vegas Club<\/strong>. It is the only property Downtown that could possibly come into play anytime soon and has needs. The hotel towers recently closed and\u00a0are in real need of refreshment. The towers have all been built after 1970, and are fundamentally sound and in a workable configuration. The main casino floor is a good enough setup, although the north-side space isn’t a real good spot for gaming. The hallway and restaurant spaces are certainly fine for the size of the property. And the exterior design is one of the most classic and beautiful in the Downtown market.<\/div>\n
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Add that\u00a0 Siegel has bought property from Las Vegas Club owner Tamares Group before (the Gold Spike), so there should be some positive relationship. And Tamares could focus on operating the Plaza<\/strong> without having to worry about stopping any of the bleeding at the Las Vegas Club. That alone could energize the Plaza management team and allow them to make the most complete property downtown the best property downtown.<\/div>\n","protected":false},"excerpt":{"rendered":"

S&G contributor Jeff_in_OKC has been reading the entrails of the recent demise of the Gold Spike (which had seemed to be doing so much better under Spiegel Group) and sees cause for hope. Other nearby casinos weren’t slow to court … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,51,149,47],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/10650"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=10650"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/10650\/revisions"}],"predecessor-version":[{"id":10654,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/10650\/revisions\/10654"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=10650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=10650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=10650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}