Developer buys 75-year-old Tahoe Biltmore hotel

The historic Tahoe Biltmore Lodge & Casino was purchased by a California developer who promises to turn the location into a “branded destination” for the area.

According to Washoe County records, EKN Development Group has given up $ 56.8 million for the property. Before them it was owned by Boulder Bay LLC, which bought the casino for $ 28.6 million in 2007. Boulder Bay intended to renovate and redevelop the Biltmore, but the “project stalled due to problems with funding, “The Associated Press reported.

Uncertainty has been a part of Biltmore’s history from the start. Construction on the casino, which almost straddles the state border along Crystal Bay, began in 1946. After years of construction delays and funding difficulties, the hotel opened in June 1948. L he opening day’s disastrous media event was recounted with vigor by San Francisco Examiner columnist Freddie Francois.

Electricity cut off during the procedure and, with it, water in the rooms. When the power returned, hotel guests who had turned on their taps, could not find water and then left to party, found their sinks overflowing.

“Large wet spots appeared on the ceiling of it and it became necessary for management (wild-eyed owners, partners, sub-partners, etc.) to embark on a wild expedition throughout the hotel.” , wrote Francisco. “It is said that they have encountered some interesting experiences along the way through their luxury suites.”

“The Tahoe Biltmore has been a secret for a long, long time. If all the shirts lost in the case were tossed in a pile, they would be a full day’s wash,” the columnist joked.

Opening day nervousness aside, the casino has become known for its luxury accommodations and celebrity shows; Lena Horne played during the Biltmore’s first summer season. In recent years, it was loved by locals for its special $ 1.99 breakfast, now adjusted for inflation.

The entrance to the Tahoe Biltmore is seen on March 17, 2014, in North Lake Tahoe.

George Rose / Getty Images

EKN Development Group says more details will be released soon on the Biltmore project. His wallet includes a number of hotels, shopping malls and shopping centers.

“The design of this project will introduce an unprecedented hotel experience that will accentuate the natural landscapes and beauty of Lake Tahoe, while embracing the distinctive and pristine features of the region,” said EKN Development Group CEO Ebbie Khan Nakhjavani , in a press release.

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