The historic Western Hotel & Bingo salon can finally have a new owner.
After being for sale in March 2024, an update was given on the long-closed property owned by the Tony Hsieh farm under Las Vegas City Council on Wednesday. According to a representative presented at the meeting, they have a buying and sales agreement with a potential buyer.
Representatives from HSIEH Estate were present in the City Council to ask for their 14th extension of the time at a tavern license for the property.
Although it is not “able to reveal” the potential buyer, the estate said that they are known to “renovate properties and bring them back to their heyday.” This will be the company’s first entry into the Nevada market and they have about 200 current properties in 20 states.
The renovation would not include demolition of the property and would “keep the legs”, says Council Woman Olivia Diaz for Division 3, who has worked with the estate and potential buyers in the project.
The property requests an extension of its tavern license because it allows the buyer to operate two different properties and have more than 16 casino games associated with it. The property has received an extension of the time on its unlimited non -conforming gaming license from the Nevada Gaming Commission, which is active until May 2026.
“I will remain optimistic that PSA (the purchase and sales agreement) will continue to succeed, but you will all stress,” Diaz said during the meeting. “This would probably be the final EOT (extension of the time of the tavern license) if for some reason falls by the road.”
The property was closed in 2012 and is one of several central Las Vegas properties that HSIEH’s property has taken in commercial brokers Logic Commercial Real Estate to sell. Built in 1970 and the two -story building has about 49 hotel rooms and has 300 feet facade on Fremont Street.
The Western property is described as a “rare, full city block remodeling opportunity in central Las Vegas,” located at 899 Fremont St. It was best known for having cheap slot machines, bingo and table games.
The property with four Paros, which was last sold in 2013 for $ 14 million to HSIEH’s center project and sits on a 1.3 acre plot.
HSIEH was the CEO of Online -Sko seller Zappos and the face of central Las Vegas’s financial revival. He died without a will on November 27, 2020, at the age of 46 from injuries affected in a Connecticut house.
Review-Journal Reporter Patrick Blenner Hasset contributed to this report.
Contact Emerson Drewes at edrewes@ theplayerlounge.com. Follow @emersonDeDes on X.
