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The New Plans For Rancharrah

Last year, Jared Paul Stern reported that Rancharrah, the legendary 147-acre estate of casino king Bill Harrah in Reno, Nevada was on the market for $75 million. The home didn't sell and now there are new plans for the property that are angering some locals.

Reno officials have been asked to consider zoning changes for the range that would eliminate residential use and instead allow for office, hotel and retail uses. The ranch house would also be used for weddings and other special events and the indoor arena and stables would be turned into a commercial operation. The home is currently owned by Bill Harrah's son John who bought the home from the family trust in 1991. He built a new ranch house and developed the estate's equestrian facilities.

[via KTVN]

Tags: bill harrah, john harrah, nevada real estate, rancharrah, reno, reno real estate

Architectural in Reno, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

The architecture of this home in Reno, Nevada drew me right in, a home saved from contemporary blockiness by a pompadour-like swoop of a roof. The listing says that this 2005 Grand Award Winner has been featured on HGTV for its unique architecture, design and finishes. It is on 2.5 acres and perched on a bluff for shimmering skyline views of the city in the distance. The design centers on the core of the house with massive windows in the family room and the master bedroom. The owner is apparently a big sports fan, there are framed professional jerseys, a basketball hoop and large sculptures of sports figures. This home is listed at $2.495 million.

Gallery: Architectural in Reno

Tags: estate of the day, nevada real estate, reno

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Benefit Lunch To Take Place At Rancharrah

by Deidre Woollard (RSS feed) —

Filed under: Events

Rancharrah, the legendary Harrah family ranch in Reno, Nevada, which was on the market for $75 million last year, will host a charity benefit this spring to benefit the Obesity Prevention Foundation. Join the Western Bariatric Institute (WBI) at Rancharrah, on May 21, 2011 for Life Inspired; an afternoon of inspiration and transformation. The day will begin on the Rancharrah estate with a luncheon and will transition to the evening at the 9th Annual Fashion Show in the Rancharrah arena. Guests will go on a private tour of the cutting gardens with local chefs. The chefs will tour guests through the gardens speaking specifically to their upcoming courses. The five-course luncheon will feature a silent auction, a local artists' exhibit, as well as, inspirational speaker and NBC's Biggest Loser winner, Michelle Aguliar. Luncheon attendance includes admission and vip seating at the Fashion Show at the Rancharrah area in the afternoon. Tickets start at $145 for the luncheon and fashion show.

Tags: benefit luncheon, harrah, nevada, rancharrah, reno

Siena Hotel Could Reopen In Reno

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

Earlier this year, the Siena Hotel Casino in Reno, Nevada filed Chapter 11 bankruptcy and eventually closed its doors. But the hotel could be primed to return. This week it was sold at auction for $3.9 million to a group of investors who plan to reopen it under the same name. U.S. Bankruptcy Judge Gregg Zive approved the sale of the Siena Hotel Spa Casino to Grand Siena LCC which beat out two other bidders, Stratus West and Northern Nevada Assets. The Reno Gazette-Journal quotes one of the new owners Jay Meilstrup, who says that the hotel is primed for a comeback. The resort will need a gaming license from the Nevada Gaming Commission and a liquor license to be back in business. The business owed about $50 million to creditors and the money from the sale will go to creditors. The buyers bought the hotel free and clear in a deal that covered the property and everything in it as well as the website.

Tags: chapter 11 bankruptcy, hotel bankruptcies, hotel bankruptcy, reno, reno nevada, siena hotel

Siena Hotel Casino In Reno Files Chapter 11

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

No luck in Reno as the Siena Hotel Casino has filed for Chapter 11 bankruptcy. The hotel made the move so that it can stay open and reorganize its debt. The Siena has been months behind on paying its gaming taxes and was at risk of losing its gaming license. It has also been behind on other state taxes and fees. Casino's employees were also dropped from their health coverage because the Siena didn't pay its bills and it owes $400,000 to NV Energy.

Siena owner Barney Ng has invested about $100 million into the Siena since 2000 in both loans and his own capital and has a $50 million loan. In December the hotel and casino property had received a notice of default and threat of foreclosure from its lender and last month the casino closed its table games. The property has a 214-room hotel and employs around 300 people (down from 500 at its peak). It remains open.

Tags: bankruptcy, chapter 11, hotels in trouble, reno, siena hotel

Casino King Bill Harrah's Former Ranch in Reno for Sale at $75 Million

by Jared Paul Stern (RSS feed) —

Filed under: Estates

Rancharrah, an incredible 150 acre equestrian estate located in Reno, Nevada that belonged to casino king Bill Harrah has been listed for sale at $75 million via Distinctive Homes Sotheby's International Realty. Harrah's eldest son, John Harrah, purchased Rancharrah from the family trust in 1991 and under John's direction it has become one of the most exquisite equine facilities in the nation. The main house, originally built in 1934, was torn down and a new house was built based on the original floor plan. The new six bedroom residence features a dramatic central stairway and the use of exceptional materials and finishes throughout. The luxe amenities include numerous fireplaces, barn, carriage house, exercise room, art studio, gardens, horse facilities that include a huge indoor arena, pastures, stables, staff quarters plus a private lake and mountain views. There is 36,000-sq.-ft. of living space in all.

Gallery: Rancharrah

Tags: Bill Harrah, casinos, equestrian, equestrian estate, estate, lake, Nevada, ranch, Reno

Caughlin Ranch, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

There's just something about a house that has been restored with love rather than with an eye toward the quick sale. I'd like to think that the Caughlin Ranch House in Reno, Nevada was restored by those who actually planned to live there. It seem to capture the mix of frontier tradition and Nevada glitz. The ranch is on nearly four acres and the grounds include both the three bedroom main home and a three bedroom guest house as well as five car garage parking, a workshop and separate studio space. The interior is a teensy bit Pottery Barn chic but still there is something about this place I like. The surrounding land looks a bit untended but the home has eight acre-feet of water rights included so perhaps the right owner could make the ranch more of a ranch. It is listed at $3.95 million. After the jump, are two smaller houses worth as much as one big one?

Source

Tags: estate of the day, nevada, real estate, RealEstate, reno

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Grand Sierra Resort

by Deidre Woollard (RSS feed) —

Filed under: Estates, Luxury Travel & Hotels

Reno, once the divorce destination of America and then mostly perceived as a scrubby version of Vegas seems poised for a revitalization. The former Reno Hilton will now be home to the Grand Sierra Resort and Convention Center, a four-star development that includes two condo/hotel towers, a casino, and waterparks. The resort is on 148 acres with a 38-acre lake and includes a spa, restaurants, shopping areas and family friendly amenities such as a bowling alley, aquatic golf driving range, and a children's adventure center. The resort also has a dinner theater and a wedding chapel. The Grand Sierra Resort is selling condo hotel rooms on the top floors of the existing 27-story Sierra Tower at prices ranging from $260,000 to $1,250,000.

Source

Tags: casino, condo, grand sierra resort, GrandSierraResort, nevada, reno

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