The 106-room, four-story hotel was renovated in 2005. By that time, the property was managed by Mark Brandenburg, Ghelfi's son. Brandenburg later became the owner. In March 2008, Brandenberg sold a 50% interest in the property to Desert Rock Enterprises, the investment company of Derek and Greg Stevens, who also owned the Las Vegas 51s baseball team and a 19% stake in the Riviera casino. With new money infused by the Stevens, the Golden Gate undertook casino upgrades and hotel room renovations. The following year, the Stevens raised their stake to 60%, and Derek took over as CEO, with Brandenburg as president.