{"id":1620843,"date":"2022-03-19T03:48:39","date_gmt":"2022-03-19T07:48:39","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=206012"},"modified":"2022-03-19T03:48:39","modified_gmt":"2022-03-19T07:48:39","slug":"tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort\/","title":{"rendered":"Tahoe Biltmore to Cease Operations, Demolition Planned to Make Way for Luxury Resort"},"content":{"rendered":"\n<p class=\"p1\">The Tahoe Biltmore&#8217;s days are numbered after a 76-year run.<\/p>\n<figure id=\"attachment_206016\" aria-describedby=\"caption-attachment-206016\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-206016 lazyload\" src=\"https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort.jpg\" data-src=\"https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort.jpg\" alt=\"Tahoe Biltmore casino resort Nevada gaming\" width=\"1200\" height=\"800\" data-srcset=\"https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-1.jpg 1200w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort.jpg 142w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-2.jpg 1024w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-3.jpg 768w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-4.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/> <noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-206016\" src=\"https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-1.jpg\" alt=\"Tahoe Biltmore casino resort Nevada gaming\" width=\"1200\" height=\"800\" srcset=\"https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-1.jpg 1200w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort.jpg 142w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-2.jpg 1024w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-3.jpg 768w, https:\/\/platogaming.com\/wp-content\/uploads\/2022\/03\/tahoe-biltmore-to-cease-operations-demolition-planned-to-make-way-for-luxury-resort-4.jpg 600w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/noscript><figcaption id=\"caption-attachment-206016\"class=\"text-description\">The Tahoe Biltmore in Lake Tahoe, Nevada. The storied Crystal Bay resort is slated for demolition later this year. (Image: Wikimedia)<\/figcaption><\/figure>\n<p class=\"p1\">California-based real estate group EKN Development acquired the historic Lake Tahoe casino and resort last September for $56.8 million. The 15-acre property purchase is for EKN to make way for a luxury resort and residential complex overlooking Crystal Bay.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">The new owners announced this week that its development plans remain on track. And step one of the rebuild includes a graduated shutdown &#8212; as required under regulations imposed by the Nevada Gaming Commission &#8212; that will begin on April 23. Come 5 am on April 30, the Tahoe Biltmore will forever close its doors.<\/p>\n<\/div>\n<p class=\"p1\">Developers say demolition of the aging and deteriorating hotel and casino will then occur. EKN plans to build a luxury resort and &#8220;branded residences&#8221; in its place.<\/p>\n<p class=\"p1\">The project has the working name of Lake Tahoe Luxury Resort and Residences.<\/p>\n<p class=\"p1\">&#8220;Nestled into the lush wilderness of North Tahoe, EKN\u2019s 15-acre Lake Tahoe Luxury Resort is bringing luxury and sophistication to the iconic mountain town. Designed to accentuate Lake Tahoe&#8217;s unparalleled natural locale and modernize traditional mountain architecture in the region, our alpine resort will welcome visitors and locals alike to experience all Lake Tahoe has to offer,&#8221; EKN says on its website.<\/p>\n<h2 class=\"p1\"><b>Developer Pledges Commitment<\/b><\/h2>\n<p class=\"p1\">EKN is betting big on the north shore. Along with its purchase of the Tahoe Biltmore, the group in late December agreed to purchase <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.casino.org\/news\/lake-tahoe-resort-developer-acquires-beesley-cottages\/\">Beesley Cottages for $18 million<\/a>. The acquisition comes with 10 rundown old cabins on 2.25 acres of land. EKN says the cottages will be demolished in favor of a new high-end lakefront beach club.<\/p>\n<p class=\"p1\">The Crystal Bay community is skeptical of EKN&#8217;s grand plans after <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.casino.org\/news\/larry-ellison-buying-lake-tahoe-property-hyatt-regency\/\">several other developers<\/a> have failed to deliver on their promises over the past decade-plus. But EKN wants to assure locals that it&#8217;s investing for the long term.<\/p>\n<blockquote class=\"main-blockquote\">\n<p class=\"p1\"><strong>With all its projects, EKN is committed to transparency and active communication with all stakeholders. We&#8217;re builders and operators. We build our projects to hold and intend to be a part of the community for a long time,&#8221;<\/strong> Ebbie K. Nakhjavani, founder and CEO of EKN, told the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.rgj.com\/story\/news\/money\/business\/2022\/03\/18\/tahoe-biltmore-redevelopment-crystal-bay-ekn-development-resort-condos-restarts\/7084503001\/\"><i>Reno Gazette-Journal<\/i><\/a>.<\/p>\n<\/blockquote>\n<h2 class=\"p1\"><b>Details Scant, But Gaming to Return<\/b><\/h2>\n<p class=\"p1\">EKN isn&#8217;t publicly declaring the fiscal scope of its Lake Tahoe endeavors, nor details on how many rooms and what sort of amenities the luxury resort might entail.<\/p>\n<p class=\"p1\">The Tahoe Biltmore project, however, has been approved for 334 units, inclusive of guestrooms, cottages, and residencies. The Tahoe Biltmore currently has 113 total occupancies, which includes 18 cottages.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">EKN did say that it expects the demolition, and then planning and building of the luxury resort and residencies, to take roughly three-and-a-half years to complete. The company is targeting an opening in the third quarter of 2025.<\/p>\n<\/div>\n<p class=\"p1\">Gaming is currently planned to return at the forthcoming resort by way of &#8220;an upscale and intimate casino.&#8221; EKN has no history operating casino gambling, according to its online portfolio.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.casino.org\/news\/tahoe-biltmore-to-cease-operations-in-april-demolition-planned\/\">Tahoe Biltmore to Cease Operations, Demolition Planned to Make Way for Luxury Resort<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.casino.org\/news\">Casino.org<\/a>.<\/p>\n<ul class=\"plato-article-bottom-links\">\n<li><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.coinsmart.com\/europe\/?irclickid=yCMxLCU1uxyLWzG0Rw0UrUzuUkEV0C2N%3ATwq0A0&#038;irgwc=1\" class=\"plato-coinsmart-gid\">Coinsmart. 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Free Trial.<\/a><\/li>\n<li><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.casino.org\/news\/tahoe-biltmore-to-cease-operations-in-april-demolition-planned\/\">Source: https:\/\/www.casino.org\/news\/tahoe-biltmore-to-cease-operations-in-april-demolition-planned\/<\/a><\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":1620844,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[]},"genre":[102],"artist":[106],"mood":[],"activity":[],"station_tag":[6373,5707,3620,5210,12570,5448,7830,5917,5451,10150,5384,3627,5387,8256,5807,5508,3631,3707,5710,3632,5595,5813,5600,5400,7399,3636,3638,6350,5464,177,5406,3821,5565,5409,3748,3643,3715,3825,3646,3719,3829,5422,5738,3659,3755,12962,5425,3833,5480,3757,3661,6982,5484,5487,5573,5433,3672,5270,6354,8131,13289,5884,3674,3675,8835,10652,3690,3692,5967,3844,5579,3873,5640,13284,3697,12568,5279,3703],"_links":{"self":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/station\/1620843"}],"collection":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/media\/1620844"}],"wp:attachment":[{"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/media?parent=1620843"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/genre?post=1620843"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/artist?post=1620843"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/mood?post=1620843"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/activity?post=1620843"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platogaming.com\/wp-json\/wp\/v2\/station_tag?post=1620843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}