CRYSTAL BAY, Nev. (AP) A Denver-based real estate firm has acquired the Cal Neva Resort & Casino at Lake Tahoe, a historic hotel-casino built along the California-Nevada line in 1926 and once owned by Frank Sinatra but has been shuttered for 10 years.
When Larry Ellison, the founder of Oracle Corp., spent $35.8 million in 2017 to buy the Cal Neva Lodge in bankruptcy court, many hoped he d bring his Midas touch to Lake Tahoe and the aging resort.
When Larry Ellison, the founder of Oracle Corp., spent $35.8 million in 2017 to buy the Cal Neva Lodge in bankruptcy court, many hoped he d bring his Midas touch to Lake Tahoe and the aging resort.
Cal Neva Resort & Casino at Lake Tahoe, a historic hotel-casino built along the California-Nevada line in 1926, is now under the ownership of a Denver-based real estate firm