Resort Gaming Group, Zappos finalize lease terms for City Hall
LAS VEGAS, NV — Representatives of Resort Gaming Group (RGG) and Zappos.com, Inc. (Zappos) announce today the finalization of terms on the lease agreement for the existing Las Vegas City Hall in downtown Las Vegas. The City Hall building and surrounding property is planned to become the corporate headquarters for the Zappos Family of Companies in 2013. In November 2010, RGG announced plans to purchase Las Vegas City Hall to lease the site to Zappos. The 2010 agreement between RGG and Zappos allowed for 16 months to finalize lease terms. The negotiations were completed in 12 months, four months ahead of the deadline.
The lease execution is contingent upon passage of a modification to RGG’s development agreement with the city of Las Vegas. The modifications to the agreement are necessary to conform to legal points in the lease between Zappos and City Hall LLC, a Donner company managed by RGG. The modifications are not monetary and do not result in increased risk to the city. The amendment to the development agreement is expected to be on the January 18 city council agenda.
“Finalization of lease terms with Zappos is a significant step in bringing to fruition a pivotal transaction for the redevelopment of downtown Las Vegas,” said Andrew Donner, owner and founder of RGG. “My partners and I are humbled to be a part of something so special and are excited about the future of our great city.”
Ranked the #6 Best Place to Work in America by Fortune Magazine, the Zappos Family of Companies intends to relocate its corporate headquarters to the current Las Vegas City Hall site in late 2013, after completing building renovations. Zappos’ plans for the site include adapting the site to accommodate up to 2,000 employees.
Established in 1999, Zappos.com, operated by Zappos Development, has quickly become the leading destination in online apparel and footwear sales by striving to provide shoppers with the best possible service and selection. The Zappos Family generates gross merchandise sales exceeding $1 billion annually. Zappos.com currently showcases millions of products from over 1000 clothing and shoe brands. Zappos.com, Inc. was recognized in 2009, 2010 and 2011 by FORTUNE MAGAZINE as one of the “100 BEST COMPANIES TO WORK FOR”. Zappos.com is also proud to be rated ELITE by STELLAService and was named a J.D. Power 2011 Customer Service Champion, one of only 40 companies so named in the U.S. More information about the customer service philosophy, unique culture, and job openings can be found at http://about.zappos.com. More information about Zappos Insights and its business membership program can be found at http://www.zapposinsights.com.
About Resort Gaming Group
Resort Gaming Group is a Las Vegas, Nevada-based hospitality management and development company founded in 2002 and wholly-owned by Andrew Donner. Currently, RGG provides management and consulting services to full service restaurants, casino gaming operations and taverns. RGG is currently focused on building up its development arm, Urban Development Group, to accelerate the development of other downtown Las Vegas projects.
RGG: Melissa Warren – FFW PR
702-528-6016 or email@example.com
Zappos: Diane Coffey
617-904-9393 X117 or 508-259-9584