Nov. 10 auction for sale of Reno hotel casino
RENO (AP) – A judge has set a courthouse auction in Reno next week for the possible sale of the bankrupt Siena Hotel Casino.
A national investment banking firm hopes the Nov. 10 auction will result in the sell the downtown resort that recently closed after a long string of financial problems.
Matt Sodl, managing director of Innovation Capital LLC, says the Los Angeles-based firm wants to sell the property in a bulk sale in one transaction to a single buyer.
U.S. Bankruptcy Court Judge Gregg Zive says interested parties have until noon Monday to submit a $250,000 deposit in order to participate in Wednesday’s auction.