The first installment of this series covered the Hotel Golden from its beginning as a three-story structure through Charles Sadleir’s tenure as Manager.
Frank Golden, Jr. served in the US Army from June 8, 1918 until August 1, 1919. After his discharge, he worked for the Vulcan Oil Company in Tiffin, Texas and also spent time in San Francisco. Golden then returned to Reno upon Sadleir’s resignation in December of 1924 to resume management of his father’s old hotel.

Another 60-room addition was completed in 1926 and the annex was remodeled and enlarged in 1929. Hotel Golden received all new walnut furniture in 1930.
The Golden’s Reichel automatic fire alarm system successfully detected a series of fires in the hotel’s metal garbage chute in the early 1930s. No damage was caused to the building from the four instances I counted.

In 1935, the old section of the Golden was modernized. At that time, the lobby shrank a bit to make room for a separate bar and an expanded restaurant and kitchen. Air conditioning was added to the lobby, bar, and dining areas.

Due in large part to twelve of his banks failing during the Great Depression, George Wingfield became personally bankrupt in December of 1935. Reno Securities Company was entangled in all of that as a loan guarantor, causing Crocker National Bank of San Francisco to assume ownership of the company and thus, Hotel Golden.

In early 1937, Frank Golden became ill and was away from work for about two months. He returned toward the end of May but resigned in July of 1937. Golden expected to spend two or three months at his Lake Tahoe vacation home. He was replaced by co-managers Gordon Davey and Earl Harrington.
Crocker National Bank kept Wingfield on the payroll as what amounted to an executive manager of the Golden and Riverside hotels. On September 1, 1937, Wingfield announced he had regained control of Reno Securities Company.
Work was constantly being done on various sections of the building. The newly remodeled Golden Coffee Shop operated by William Pappas opened in June of 1939. This space seated 60 and featured a large, refrigerated show window.

This photo from 1940 shows the Hotel Golden with painted friezes below the cornice. The entire brick façade also appears to be painted with spots, possibly an optical illusion.

Hotel Golden was sold to a new entity called Golden Securities Company in November of 1946. John V Mueller was President and the hotel was leased to James H Lloyd. The bar and restaurant were to be operated separately.

However, Golden Securities then announced the building would undergo extensive remodeling with the lobby decorated in a western theme. Lloyd took over management of the Golden Coffee Shop effective December 1, 1946. Gordon Davey and Earl Harrington stayed on but only as managers of the Rooms Department. Lessees were only given a couple weeks to vacate the premises.

The entire transition could have been handled better.

Golden Gulch, which had a bingo parlor, gaming room, and bar, opened on June 14, 1947.

A formal grand opening event was held June 27 followed by the Golden Wheel penny casino grand opening on July 12, 1947. The old hotel safe, which had survived the basement fall in the original fire, was moved into storage in August of 1947.

It was somewhat inaccurately reported that Hull Hotels, controlled by Thomas E Hull and his sister, Sally Lewis Crofwell, acquired controlling interest of Golden Securities Company in June of 1948. Regardless, Hull hired architect Frank W Green to completely overhaul the Golden into something both the Journal and Gazette called “gaudy.”
The main floor transformation included approximately 30,000 square feet of casino, bar, and restaurant space costing around $300,000, depending on whose version of the agreement you believe. A new entrance with approximately 172 feet of Herculite glass was installed. The casino was decorated in a sort of Virginia City western theme. There was a giant kidney-shaped bar and the space had a golden ceiling, of course.
This was done even though the ground floor had just been remodeled the year before. Hull also had the three upper floors redecorated. At the time, it was said to be the most expensive remodeling project in Nevada’s history.

A gala premiere was held at the new Golden Club with its theatre restaurant on October 7, 1948 and was by all accounts well-attended.

However, Hull’s tenure was short-lived. Contractors went unpaid and liens were in place for more than $350,000. Hull left Reno in January of 1949 and his publicist had no comment. James Lloyd stepped in to manage the Golden once again as Hull faced multiple lawsuits.
At that time, Golden Securities announced Hull was no longer associated with the hotel or the company as an executive or as a shareholder. In court documents, the company further attested that Hull had not, in fact, acquired 51 percent ownership of the company. He had simply taken an option but had never actually followed through with the purchase. Hull had subleased the hotel personally from Lloyd and then subleased it again to El Rancho Reno, Inc., a subsidiary of Hull Hotels. Since El Rancho hired the construction companies, Golden Securities’ position was that they had no legal obligation to pay any of it. Bolstering their argument was documented evidence that they had posted signs on the property during construction stating the project was in no way connected to Golden Securities.
El Rancho was bankrupt and went into receivership. The lawsuits dragged on until September of 1950, when Hull finally settled his debts with a significant assist from the Bank Club. Creditors were over the moon about receiving 100 cents on the dollar in a bankruptcy case, which never happens. Everything was totally, one hundred percent legit.
That same month, Bugsy Siegel’s alleged friend, Joseph “Doc” Stacher, withdrew his gaming license application and had his shares in the Hotel Golden and the Bank Club bought out by James McKay and William Graham. Stacher still held a mortgage on the property, however. Totally legit.
In March of 1952, it was announced that Frank Hofues bought the Hotel Golden and neighboring Bank Club. Hofues was to take possession May 1 but the ugliest remodeling project you can imagine began that same month.

Architect Edward Fickett’s design of the New Golden included horrendous metal louvers over the windows along with a streamlined façade.

The club and casino closed for about ten weeks. Hofues completely remodeled the interior with colorful plastics and confetti finish on the walls. A door was also opened between the Golden and the Bank Club. The grand opening was held May 28, 1952 with headliner Cab Calloway. Work on the hotel floors continued throughout the summer.

By February of 1954, negotiations were once again underway for an ownership transfer of the New Golden. That’s where we’ll pick up in the last installment of this series. Click here to read Part One.
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