Downtown Gold Spike sold to Hseih-led group - FOX5 Vegas - KVVU

Downtown Gold Spike sold to Hseih-led group

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LAS VEGAS (FOX5) -

Downtown Las Vegas hotel and casino Gold Spike has a new owner in a group headed by Zappos CEO Tony Hseih.

The Siegel Group announced Thursday its sale of the property at Ogden Avenue and N. 4th Street to Hseih's Downtown Project. Monetary terms of the sale were not disclosed.

The company said the Gold Spike will temporarily close on Sunday at 3 p.m.

The 112-room Gold Spike, which first opened in 1976, was purchased by the hotel group in 2008, with plans to convert, what the company calls, the smoky, seedy resort into a modern boutique property.

Siegel Group disclosed through a statement its plans to retain as many employees working at the resort. It also said it and the Downtown Project would work to interview any remaining workers resulting from the closure.

Siegel Group did not disclose how many people are working at Gold Spike.

Stay tuned to FOX5 for the latest on this developing story.

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