Neva One LLC, the new owner of the Horizon Casino Resort at South Lake Tahoe, announced last week it will shutter the hotel on April 1 to begin a multi-million renovation.
The Park family, which traces its roots to ranching pioneers in Douglas County, in October of 2013 announced a split with Edgewood companies that ceded ownership of the Horizon and prime ranchland in the Carson Valley to the Park family, while Edgewood retained ownership of its namesake golf course and the land leases for Montbleu Resort and Harvey’s Lake Tahoe Parking garage.
Jon Park said last October that once Neva One assumed ownership of the property the plan was to change the casino’s operator and reinvest in the property to bring the 539-room hotel and casino built in 1965 up to current standards. Columbia Sussex Corporation of Crestview Hills, Kent., formerly operated the casino.
Neva One plans to retain Warner Gaming group to manage operations once the property reopens pending Warner’s approval from the state regulatory board.
“Our family’s plans for the Horizon are proceeding on schedule,” Park says.
Warner Gaming and its affiliated companies manage nine gaming and non-gaming properties throughout the United States, though the Horizon is the company’s first foray into the northern Nevada market.
“I could not be more excited to be joining forces with the Park family, and helping to usher in the next chapter of this property’s history,” says Bill Warner, president of Warner Gaming.
Jon and David Park, managers of Neva One, say they will announce additional plans for the property and a timeline regarding its renovation in coming weeks. Employees at the property will be able to meet with Nevada JobConnect regarding other employment opportunities in the Lake Tahoe area, the Parks say.
Comments
Use the comment form below to begin a discussion about this content.
Sign in to comment