The Summit Hotel Condos @ Grand Sierra (Reno, NV) - For Sale
Location: Reno, NV
The Summit at Grand Sierra Resort will not be resting on the laurels of its days as the Reno Hilton. Its developers will be investing over $120 million above the purchase price of the hotel in total cost of renovations in the existing tower and a total of $1.8 billion as they fully develop the new project including the building of an additional tower and two water parks as well as other incredible amenities. The master plan for the development of this project will take five to seven years to complete and will make the Summit at Grand Sierra Resort one of the west's premier resorts. Here's what is in store for this property in the years ahead: > Conversion of the top 11 floors of the existing 27 story building into 824 condo hotel units, available for purchase now in pre-construction (Phase I) > A second tower with approximately 1,200 new condo hotel units (Phase II) > Seven additional planned residential towers with over 2,000 condos along the Truckee River bank (Phase III) > 4-story cabana-style golf driving range, with private flat panel TV's, sound systems, food & cocktail service, and interactive water shows based on hitting multiple targets. > Rooftop bars/pools with cabanas > 5-acre outdoor amphitheater/park > 10 restaurants, clubs and bars with plans to add some of the most popular establishments from Los Angeles, The Bay Area, and Las Vegas including; Dolce (owned by many of the stars from "That 70's Show" including Ashton Kutcher), The Viper Room, The Lodge, Ozumo, Ivan Kane's Forty Deuce, and Beacher's Madhouse. > Two of the nation's largest indoor water parks (150,000 sq. ft. and 250,000 sq. ft.)
Proposed Future Amenities of the Resort: >150,000 sq. ft. indoor water park with up to 50 rides including extreme rides >an adult area with swim-up bars and lazy river rides 30,000 sq. ft. >world class lifestyle spa >24 hour 4-story golf driving range with cabanas >Waterfront restaurants and shops offering luxury lifestyle >high-end retailers >World class lazer light water show on lake >New state-of-the-art casino facility
>Additional hotel tower Residential housing options - towers & riverfront >Structured underground parking 10,000 seat sports arena for professional sports >High-end entertainment night clubs - dance till dawn, enjoy your favorite music, happy hours! >Modern lounges - wine bars, cigar bars, sports bars >Lighted walkways and paths for joggers and dog owners - safe and secure >Full service adventure desk for area activities >Shuttle services to ski and golf facilities
ViewGrandSierra_preview.jpg "Lake View - East")
View_preview.jpg "Mountain View - North")
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