When Steve Siegel was interviewed after his purchase of the Truckee River Lane Building, he stated that it would not be his last Reno purchase. He went on to buy the Virginian Hotel Casino, and was at least in negotiations on the Nugget Courtyard Motel adjacent to the Nugget in Sparks. Is the HISTORIC El Cortez Hotel on 2nd Street his next target? My sources say yes.
The El Cortez is one of my favorite buildings in Reno. The marquee along 2nd Street definitely has to go, but the Art Deco detailing is amazingly intact and some of it is visible in the Noble Pie space. I don’t know how much of the old Trocadero Night club is still intact, but it was THE place to be in the day. (cool view of the lobby HERE)
More recently, the El Cortez has been the centerpiece of the NadaDada artist’s festival.
I like The Siegel Group’s purchases a lot. I am anxiously waiting for them to start executing their vision.