Lake Tahoe Resort Hotel sells for $ 86 million
SOUTH LAKE TAHOE, Calif .– The Lake Tahoe Resort hotel in South Lake Tahoe has been sold to Davidson Hospitality Group and will be operated as part of the company’s Davidson Resorts operating vertical, officials said on Tuesday.
According to the El Dorado County Registrar’s Office, the property sold for $ 86.61 million and the deed was filed on October 25.
A year-round playground in the West Coast’s premier ski destination, the iconic 399-suite resort is located at the base of Heavenly Mountain Resort in the Sierra Nevada, steps from the Heavenly Gondola and minutes away world class hiking, biking, lake activities, golf and entertainment.
Lake Tahoe Resort Hotel is the third ski destination to join the leading hotel management company’s Davidson Resorts portfolio, which includes large-scale, busy hotels and resorts with multiple food outlets, retail and resorts. hobbies.
The Lake Tahoe Resort hotel offers three food and beverage experiences: the Echo Restaurant with a focus on seasonal American fare for lunch and dinner; My Tahoe Café with an assortment of specialty coffees, pastries and light meals; and daily breakfast served in the Garden Atrium. Resort amenities also include an indoor heated pool and hot tub, a fully equipped fitness center, over 8,000 square feet of indoor reception space, and seasonal valet parking.
“The pandemic has changed the way people travel, and destinations like Lake Tahoe have exactly what travelers are looking for, from fresh air and a connection to nature to fun activities for the whole family,” said the president. of Davidson Hospitality Group, Thom Geshay. “We see here a real opportunity to create value. With the power of Davidson – our exceptionally talented team, our in-depth corporate resources, our experience in managing complex revenue streams, and our success in activating experiential programs – we look forward to maximizing Lake Tahoe’s full potential. Resort Hotel.
Renowned for its scenic beauty, Lake Tahoe is a premier resort market with remarkable natural terrain for outdoor recreation, including water and mountain activities in the spring, summer, and fall, as well as snow sports. during the winter season in one of the largest ski areas in North America.
Davidson Hospitality Group operates many different brands such as Hilton, Marriott and Margaritaville. However, a spokesperson for the group said the Lake Tahoe Resort name and brand will remain the same.
For more information, visit http://www.tahoeresorthotel.com.