IN THE NEWS

Downtown Casinos: Redone Oasis is Latest of Siegel Group Renovations
Rumor, former St. Tropez, under renovation

By Arnold M. Knightly

Siegel Group business affairs director Michael Crandall, left, and President Stephen Siegel stand on a stairwell at the renovated Oasis at the Gold Spike. Siegel Group took both buildings from near skid-row condition to downtown boutique status after spending nearly
$30 million on acquisition and renovation.

The Oasis at Gold Spike may be the most aptly named property introduced this year.

Sitting on the downtown corner of Las Vegas Boulevard and Ogden Avenue, the renovated 50-room boutique hotel is across the street from empty lots and in the shadow of three financially troubled projects: the nearly empty Streamline Tower condominiums, Neonopolis and the vacant Lady Luck.

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