Reno Casino/RV Park to Get New Owner

February 24, 2011 by   - () Comments Off on Reno Casino/RV Park to Get New Owner

Site map for the Grand Sierra Resort and Casino in Reno, Nev. Casino is at left, RV park is located on either side of the lake in the middle of map.

The Grand Sierra Resort and Casino, Northern Nevada’s largest gaming property, is about to have new ownership, the Reno Gazette-Journal reported.

The Meruelo Group, an investment company based in Downey, Calif., announced Wednesday that it was planning to buy the Grand Sierra next month. The 145-acre resort casino has been owned by Credit Markets Real Estate Corp., a subsidiary of JPMorgan Chase & Co. since October 2008 when former owner Grand Sierra Resort Corp. lost it to the financier.

The resort at 2500 E. Second St. in Reno now features 2,000 guest rooms or suites, more than has 200,000 square feet of meeting space, about 100,000 square feet of gaming space and an RV park with about 178 spaces. The Grand Sierra also is home to 11 restaurants.

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