Caesars to sell to Horizon | TahoeDailyTribune.com
YOUR AD HERE »

Caesars to sell to Horizon

Staff and wire report

Caesars Entertainment Inc. has agreed to sell its Caesars Tahoe hotel-casino for about $45 million to its neighbor across the street, company officials announced.

An affiliate of Columbia Sussex Corp., a Fort Mitchell, Ky.-based hotel operator, will buy the property. The transaction is expected to be completed by June 2005 and is subject to regulatory approval.

“This acquisition represents a great opportunity to purchase a superior asset in a region in which we have been familiar for 14 years,” said William Yung, Columbia Sussex’s president.

Columbia Sussex and its affiliates operate 64 hotels, including Horizon Casino Resort in Stateline, which is across the street from Caesars Tahoe.

Read more about this development in Monday’s Tahoe Daily Tribune.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User