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Gold Spike & Oasis 217 Las Vegas Blvd 130 Room Hotel Las Vegas, NV 89101 For Sale
INVESTMENT HIGHLIGHTS
- Rare Boutique Hotel & Gaming Acquisition Opportunity
- Irreplaceable Location on Las Vegas Blvd. in the Heart of Downtown Las Vegas
- High-Growth Submarket Surrounded by New Developments
- Highly-Coveted Non-Restricted Nevada Gaming License
- One Block from the Fremont Street Experience w/ 26MM Visitors Annually
- Located within a Qualified Opportunity Zone
EXECUTIVE SUMMARY
On behalf of the Tony Hsieh Estate (“Ownership”), LOGIC Commercial Real Estate (“Broker”) is pleased to present the exclusive opportunity to acquire the iconic Gold Spike and Oasis hospitality and entertainment properties (the “Properties”) located in the heart of Downtown Las Vegas. The two adjacent Properties operate as one boutique hotel with a combined ± 130 rooms currently, as well as a 24/7 bar and nightlife venue. The Gold Spike has been operating without gaming; however, Ownership has preserved its highly-coveted, non-restricted Nevada gaming license*, creating a significant value-add opportunity for a new operator to reintroduce casino operations and reposition the Properties.
The Properties have been the beneficiaries of Tony Hsieh’s vision and significant investment into Downtown Las Vegas, allowing a new owner to build on Tony’s legacy of developing our local community. Together, the Gold Spike, a landmark property in Downtown Las Vegas since 1976, and the adjacent Oasis boutique hotel, offer a buyer a true, value-add hotel/casino opportunity. We invite you to learn more about this exciting opportunity by executing the Confidentiality Agreement for more information.
For more information and to sign the Confidentiality Agreement, please visit www.goldspikeoasis.com.
The Properties have been the beneficiaries of Tony Hsieh’s vision and significant investment into Downtown Las Vegas, allowing a new owner to build on Tony’s legacy of developing our local community. Together, the Gold Spike, a landmark property in Downtown Las Vegas since 1976, and the adjacent Oasis boutique hotel, offer a buyer a true, value-add hotel/casino opportunity. We invite you to learn more about this exciting opportunity by executing the Confidentiality Agreement for more information.
For more information and to sign the Confidentiality Agreement, please visit www.goldspikeoasis.com.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 130 |
| Property Type | Hospitality | No. Stories | 7 |
| Property Subtype | Hotel | Year Built/Renovated | 1974/2014 |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 1.52 AC | Corridor | Exterior |
| Building Size | 70,861 SF | Opportunity Zone |
Yes
|
| Zoning | C-2 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.52 AC |
| Building Size | 70,861 SF |
| No. Rooms | 130 |
| No. Stories | 7 |
| Year Built/Renovated | 1974/2014 |
| Parking Ratio | 0.54/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $249.00 | - |
| Guest Room | 128 | $121.00 | - |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,400,717 | |
| Land Assessment | $1,772,800 | Total Assessment | $4,173,517 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,772,800
Improvements Assessment
$2,400,717
Total Assessment
$4,173,517
CONTACTS
-
Gino Vincent -
Jason Otter -
Michael Sclafani -
Bart DeBuono -
Logic Commercial Real Estate
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Gold Spike & Oasis | 217 Las Vegas Blvd
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