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First Word: Gold Spike Drops Hotel. Adds Plaza, Booze.

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There will be no chocolates on your pillow from Tony Hsieh at the Gold Spike. The Downtown Project's takeover of the hotel and casino will be dropping the hotel portion of their purchase. Plans have been submitted to convert the three-story, 162-unit hotel into 118 single room occupancies. The SRO switcheroo includes the adjacent and shuttered Travel Inn Motel.

Plans also include the creation of private, pedestrian plaza and as yet unannounced "expansion" of the Gold Spike's tavern usage.

Property records indicate the hotel was bought in April of this year by Zappos boss Tony Hsieh's Downtown Project for $22,040,330. The Travel Inn Motel cost an additional $4,890,669.

The rapid and dramatic turnaround of the property resulted in a hip concept weighted toward downtown locals and neighborhood workers, featuring inside and outside games, plenty of lounging, including a king-size bed near the front entrance and a upgrade of the Gold Spike Grill.
· All Gold Spike Coverage [~ELV~]
Gold Spike [Photo: Hotels.com]

Gold Spike

217 Las Vegas Blvd. N., Las Vegas, NV

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