Jacobs Entertainment acquires Rancho Sierra Motel in downtown Reno


Jacobs Entertainment acquires Rancho Sierra Motel in downtown Reno

Jacobs Entertainment continues to grow its sizable — and at times controversial —  downtown Reno real estate portfolio with the purchase of more old motel properties.

The Sands Regency hotel-casino owner and Reno Neon Line District developer bought the Rancho Sierra Motel in a deal involving three downtown Reno parcels on Sept. 19, according to records obtained from Washoe County. All three parcels were sold by Bajwa Properties LLC.

More:Does Jacobs’ 1,000-unit affordable housing proposal add up? We did the math

The $10.5 million sale involved three adjacent buildings totaling 63 units:

  • 411 W. Fourth St.: Built in 1952, the 10,174-square-foot building has 32 units.
  • 0 W. Fourth St.: Built in 1966, the 6,000-square-foot building has 17 units.
  • 435 Nevada St.: Built in 1971, the 7,400-square-foot building has 14 units.



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