Las Vegas developer proposes 20-story downtown luxury hotel in Reno Jason Hidalgo, Reno Gazette Journal · September 22, 2019 at 2:16 pm More than a decade after first submitting plans for a massive tower in Reno, A Las-Vegas based developer is back to propose a 20-story luxury hotel in the heart of downtown. CAI Investments submitted an application to the city detailing its plans for a high-end hotel on 219 Court Street just south of the Truckee River off South Arlington Avenue. The application was first reported by Downtown Makeover. CAI Investments CEO Christopher Beavor talked about the Reno project in a video posted by the company on its site. “We’ve been really working around the clock for a special piece of property and a special piece of history here,” Beavor said.