Wednesday, November 10, 2010

Bankrupt Reno, Nev., Hotel Casino Sells For $3.9M

RENO, Nev. (AP) - The bankrupt Siena hotel-casino in Reno, Nev., has been sold at auction for $3.9 million to a group of investors who say they plan to reopen it as soon as possible under the same name. U.S. Bankruptcy Judge Gregg Zive on Wednesday approved the sale of the Siena Hotel Spa Casino to Grand Siena LCC, on the condition that the group close the deal with bankruptcy lawyers within 48 hours.
Grand Siena investor
Jay Meilstrup (MEYE'-uhl-struhp) of Reno says the team of five includes partners in Chicago and Los Angeles. He says they share his belief that the downtown riverfront property is poised for a comeback. He says they'll begin work to reopen the hotel and restaurants while pursuing new licenses with state gaming regulators.
The Siena closed its doors in October.

3 comments:

  1. lol..coool. neon lights and sounds..maybe they can host dancing with the stars or american..idle

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  2. eskimos,mexicans ,american indians didnt pay taxes on the land they occupied neither did any one else in the world but when those bankers
    decided to take advantage of the world by demanding a fee for living,then the world went from good to bad,so you say what are you gonna do about it ,

    ReplyDelete
  3. eskimos,mexicans ,american indians didnt pay taxes on the land they occupied neither did any one else in the world but when those bankers
    decided to take advantage of the world by demanding a fee for living,then the world went from good to bad,so you say what are you gonna do about it , i say we are in the future not the past and we have learned that thoughts have wings or prayer has wings when we use these instruments

    ReplyDelete

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