California developers have extended their existing plans to build a new luxury casino resort through another acquisition of the lakefront Tahoe property, as the EKN Development Group announced late December the purchase of Tahoe Vista’s Beesley’s Cottages. The land will be transformed into a “beach club”.
According to Washoe County records, in October 2021, developers purchased the 75-year-old Tahoe Biltmore Lodge & Casino for $56.8 million. The company plans to build a new casino and a 120-room hotel between the two sites, in addition to retail space and 80 condos. As part of the project, developers are also planning to build new roads around the site.
In an official statement, Ebbie K. Nakhjavani, President and CEO of EKN Development Group, spoke about the new beach club and said: “The beach club highlights the resort’s excellent location by bringing the guest experience directly to the lake. Thanks to the community along Lake Tahoe and the North Shore will contribute to the thoughtful implementation of the project. We are very excited to see this once-in-a-lifetime project come true.” EKN Portfolio Includes shopping malls and hotels in both Nevada and California.
EKN Development Group’s portfolio currently includes shopping malls and hotels in both Nevada and California.
