Grand Sierra Resort
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| Number of rooms | 1,995 | |
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| Theme | Luxury.Life.Style | |
| Gaming space | 115,000 ft² | |
| Permanent show(s) | ||
| Signature attraction(s) | ||
| Notable restaurant(s) | Dolce Enoteca Charlie Palmer Steak Charlie Palmer Fish Asiana Chevy's Johnny Rockets |
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| Owner | Schrade Development | |
| Date opened | May 3, 1978 | |
| Casino type | Land | |
| Major renovation(s) | 1981, 1000 room addition total 2001 rooms | |
| Previous name(s) | MGM Grand Reno Bally's Reno Reno Hilton |
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| Casino website | http://www.grandsierraresort.com | |
The Grand Sierra Resort is a resort located approx 3 miles east of Downtown Reno, Nevada. The hotel has 1,995 rooms and suites as well as 10 restaurants, and a casino with 115,000 square feet of space. The hotel also has a shopping center, wedding chapel, pool, convention center, 50-lane bowling alley, driving range and a KOA site.
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[edit] History
The property opened in 1978 as the MGM Grand, the worlds largest casino at the time, with a 26-story, 1,015 room hotel on a 145 acre site[1]. The construction cost $130 million. On June 3, 1978 Donn Arden's "Hello Hollywood Hello" debuted.[2] An expansion in 1981 increased the rooms to 2,001. In 1986 the property along with the MGM Grand in Las Vegas were sold to Bally Gaming Corp. Both resorts were re-branded as Bally's. In early 1992, Harveys Lake Tahoe entered a bidding war with Hilton Hotels Corporation over the right to buy the resort. Harveys announced an agreement on a $70 million deal, only to see Hilton up the ante to $73 million and assumption of Bally's debt. Several weeks later, after considering even higher bids, a federal bankruptcy court settled the matter by approving Hilton’s final $83 million offer. The hotel was later acquired by Harrah's Entertainment (which also owns Harveys), in the 2005 acquisition of Caesars Entertainment.
On May 11, 2005 Caesars Entertainment announced an agreement to sell the Reno Hilton to Grand Sierra Resort Corp. for 150 million dollars[3]. On June 23, 2006 the sale was completed and the name of the property was changed to The Grand Sierra Resort.
[edit] Planned Expansion
The hotel tower is currently undergoing conversion of the top 11 floors to hotel-condominium units. In addition, construction of the indoor waterpark is planned to commence in June of 2007. The master plan is estimated to cost 1.8 billion dollars and is expected to take 5 to 7 years to complete. The property is planning 8 new condo-towers, a 150,000 s.f. and 250,000 s.f. waterpark, a Bellagio style water feature at a newly landscaped lake an outdoor amphitheater and a new mall. Former Chairman of the MGM Grand Las Vegas, now head of the Navegante Group is planned to lease and operate the casino.
[edit] Notes
- ^ Reno Casino Boom. Las Vegas Review-Journal (05 July 2003). Retrieved on 26 November 2006.
- ^ Hello Hollywood Hello. KNPB. Retrieved on 26 November 2006.
- ^ Caesars Entertainment, Inc. Selling the Reno Hilton to Grand Sierra Resort Corp. for Approximately $150 million. Hotel Online (11 May 2005). Retrieved on 26 November 2006.
[edit] External Links
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