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Leal's Reno Hotel Sale: A $37M Win

Published 3 weeks, 4 days ago
Description

Fernando Leals company sold the Renaissance Reno Downtown Hotel and Spa for $37.4 million, a significant return on their $10.4 million investment from 2015. The hotel, previously known as Siena Hotel Spa Casino, had a troubled history but was transformed into a successful non-gaming property under Leals leadership. The sale to Noble Investment Group signals a positive outlook for downtown Renos high-end non-gaming hotels.

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