In 2012, Kennedy Wilson and its partner acquired The Ritz-Carlton, Lake Tahoe, and the Ritz-Carlton Residences, Lake Tahoe from the property's lenders at a significant discount to replacement cost.
Ritz Carlton Story
Constructed in 2009, The Ritz-Carlton, Lake Tahoe is the first Forbes Four-Star/AAA Five Diamond resort in the Lake Tahoe area. Nestled mid-mountain on the Northstar California Resort, the Northern California contemporary mountain retreat features slope-side ski-in, ski-out access in winter and mountain concierge services for golf, mountain biking and hiking in the summer. The hotel’s signature restaurant, Manzanita, features seasonal French-inspired California cuisine, while the resort’s 17,000 square foot Highlands Spa provides treatments and therapies themed around water and the woods.
Since acquiring the property, Kennedy Wilson sold all 23 units at The Ritz-Carlton Residences, Lake Tahoe. In 2016, the Company began construction of the Lake Club, a multi-level dining and bar facility which allows guests access to an expansive lawn that extends to the water's edge, with direct beach access and an adjacent private boat pier offering a myriad of summer recreational activities and water sports.
In 2019, the Company sold the Ritz-Carlton, Lake Tahoe for $120 million.