Las Vegas’ Iconic Western Hotel & Casino Now Up for Sale for Undisclosed Price
LAS VEGAS, NV – The Western Hotel & Casino, an iconic part of the Las Vegas downtown scene steeped in the rich history of the city, is reportedly up for sale for an undisclosed price.
Originally closing down in 2012, the hotel is one of the many properties in Vegas previously owned by the late Tony Hsieh, who passed away in November 2020 at the age of 46 due to injuries suffered in a Connecticut house fire.
Hsieh – who was worth hundreds of millions of dollars at the time of his death – headed up retail shoe selling giant Zappos before selling it to Amazon in 2009 for over $1 billion; he later retired as CEO in August 2020. He is also credited for having pledged $350 million to the renovation and revitalization of Downtown Las Vegas.
A real estate brokerage firm, Logic Commercial Real Estate, was selected by Hsieh’s estate in May 2023 to sell five of his downtown Las Vegas properties, the Western Hotel & Casino being among them.
Boston Omaha Asset Management – an investment firm owned by Logic’s chairman and co-founder Brendan Keating, who was named its co-managing partner four months before the Hsieh listings were announced – recently purchased several downtown properties from Hsieh’s estate for approximately $24.7 million.
The Western Hotel & Casino, as described by the sales pitch, is a “rare, full city block redevelopment opportunity in Downtown Las Vegas.” The establishment, which is two stories tall and has approximately 49 hotel rooms, charged about $37 a night at the time of its closing. Originally built in 1970, the four-parcel property – which sits upon a 1.3-acre plot of land with 300 feet of frontage on Fremont Street – was mainly known for its cheap slot machines, bingo, and table games.
Hsieh’s Downtown Project had previously purchased the property for $14 million in 2013.
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