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DiamondRock Acquires South Lake Tahoe Resort & Spa
Bethesda, MD-based DiamondRock Hospitality Company acquired The Landing Resort & Spa, a luxury resort in Lake Tahoe, CA for $42 million, or $545,000 per key. The acquisition represents a 7% yield on 2017 hotel adjusted EBITDA. The property was sold by developers, Jim and Nancy Demetriades, who built it five years ago on the site of the former Royal Valhalla Lodge.
The Landing encompasses 77 guest rooms, each with stone fireplaces, private balconies and views of Lake Tahoe and the Sierra Nevada mountains. The resort’s amenity package includes a state-of-the-art spa and fitness center, indoor and outdoor function space, rooftop deck, outdoor pool and hot tub, and an award-winning restaurant.
The Landing occupies a prime lakeside location in South Lake Tahoe at 4104 Lakeshore Blvd., and is within walking distance to nightlife, casinos, dining, shopping, Heavenly Village and the Heavenly Mountain Ski Resort gondola.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


