Miami Developer Gambles on Las Vegas Hotel

Gregg Covin, Miami’s developer responsible for the new Ten Museum Park Condo and The Anglers hotel in South Beach, is now venturing out to Las Vegas.  He signed a $15 million sales contract for the Gold Spike Hotel & Casino in downtown Las Vegas. He plans to transform the 110-room hotel, which he currently calls a “smoky dive”, into the city’s first true boutique hotel. He has allocated $10 million in renovations which will include the addition of table games back into the slots-only casino, and a swimming pool. Via Miami Herald