The Reno office of Colliers International, a leading commercial real estate firm in the northern Nevada area, announced its exclusive listing of the historic Ormsby House in Carson City. The 190,000-square-foot hotel and casino located in the heart of Nevada’s capital will be represented by Ted Stoever, Senior Vice President of Development, Multifamily and Investment Services.
The historic landmark consists of 110 units in the hotel, each one a large two-room suite. Grandfathered in for an unlimited gaming license, the casino is comprised of approximately 108,600 square feet across two stories and includes design options for retail space, including a bar, coffee shop, steak house, and other retail shops.
The property also offers ample parking in a dedicated seven-story parking garage connected to the casino and includes a 7,600 square foot bar and lounge on the ground floor.
“We are excited to be working on such an iconic and recognizable property in our state capital,” said Stoever. “I feel strongly that we can generate real interest and receive immediate traction with potential buyers.”
Originally built in 1860, the Ormsby House is well known throughout Northern Nevada and has the opportunity to transform the downtown economy in Carson City with its capability of attracting customers from Northern Nevada and California area.
“After careful consideration we are pleased to announce our partnership with Colliers International and Ted Stoever for the marketing and sale of the Ormsby House located in heart of Carson City,” said Kimberly Fiegehen, General Manager for the Ormsby House and Glen Eagles. “On behalf of both Don Lehr and Al Fiegehen, Co-Owners of Ormsby House, they are energized and excited to be working with Ted and are confident that he will get the job done in the very near future.”
Stoever has over 20 years of commercial real estate experience and has coordinated some of the largest mixed-use development transactions in the Reno/Sparks area, including Meridian (Boomtown), Rancharrah, Park Lane, and the Sundowner South Tower.
Centrally located, the Ormsby House is positioned directly across from the Nevada State Legislative Building. With its location, construction, and historical significance, this property offers a unique opportunity for either a seasoned or new gaming operator.
