Big news in the Truckee/Lake Tahoe area. More specifically, big news in Northstar! The Ritz-Carlton and The Ritz-Carlton Residences at Lake Tahoe have been acquired by Kennedy Wilson, a real estate company headquartered at Beverly Hills, and its partners.
Kennedy Wilson invested $18 million in equity for a 50 percent stake in the property at Northstar that includes a 170-room hotel and 23 penthouse residences. The property had been bank-owned.
Constructed in 2009, the resort includes The Ritz-Carlton, Lake Tahoe and The Ritz-Carlton Residences. The hotel is the first Forbes Four-Star/AAA Five Diamond resort in theLake Tahoe area and includes 170 guest rooms. The residential component encompasses the entire top floor of the hotel, and a private wing on the third floor includes 23 penthouse residences.
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.
The company will begin marketing the 23 units at The Ritz-Carlton Residences, Lake Tahoe in January.
Contact Aimee Schaller for more information on The Ritz Carlton and other luxury Northstar property at aimee@schallers.net or 530-550-5028.
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