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March 17, 2018
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DiamondRock Hospitality Company Buys The Landing Tahoe Resort & Spa


DiamondRock Hospitality Company has purchased The Landing Tahoe Resort & Spa, a 77-room, award-winning, luxury, lakefront resort and spa in South Lake Tahoe. The asset was acquired from an affiliate of Kairos Ventures free and clear of existing debt and unencumbered of a management contract.

The only luxury resort in South Lake Tahoe, The Landing Resort & Spa has accumulated multiple awards and rankings from numerous publications, including Conde Nast, U.S. News & World Report and Travel Weekly. The luxury hotel underwent a multi-million-dollar redevelopment and rebranding by the seller and reopened as The Landing Resort & Spa in December 2013.

The hotel features 10.3k sf of indoor and outdoor function space; the award-winning Jimmy’s Restaurant, which serves contemporary Greek and California cuisine; a wine cellar and lounge; state-of-the-art, full-service spa; heated outdoor pool and hot tub; lakeview patio with fire pits; rooftop deck with fireplace; and fitness center with sauna.

The hotel is located at 4101 Lakeshore Blvd, steps from Lake Tahoe and proximate to Heavenly Mountain Resort that provides access to more than 4,800 acres of world-class skiing and snowboarding. Close to the heart of downtown South Lake Tahoe, The Landing Resort & Spa is within walking distance to popular restaurants, bars and casinos.

Scott Hall, Tony Malk, Paul Brindley and Aaron Lapping with HFF represented the seller in the deal.
The price was not disclosed.

“As a result of Lake Tahoe’s exceptionally high barriers-to-entry, true year-round demand drivers and long-term fundamentals, lakeside hotel investment opportunities appeal to multiple profiles of capital and are in high demand,” Malk noted.

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