Caesars Tahoe Aquired By Columbia Sussex
FORT MITCHELL, KY, June 13, 2005. Columbia Sussex Corporation, owner, developer and operator of more than 60 hotels, resorts and casinos worldwide, acquired Caesars Tahoe casino and resort from Caesars Entertainment Inc. Columbia Sussex took control of the property on Friday, June 10, following approvals from the Nevada Gaming Control Board and the Nevada Gaming Commission.
With the purchase of Caesars Tahoe, Columbia Sussex Corporation hopes to enliven the South Shore of Lake Tahoe by providing amenities, entertainment and overall accommodations unlike anything in the area.
"This acquisition provides us with the opportunity to create a resort that is unique to Lake Tahoe," said William Yung, president of Columbia Sussex Corporation. "We plan to reposition the property to appeal to a larger customer base than it previously attracted."
Columbia Sussex will continue to accept the Caesars Tahoe player's club card (The Connection Card). Current comp points and cashback balances will be honored.
The property will continue to operate as Caesars Tahoe during the renovation process which is expected to be complete in early 2006. The property will be renamed at that time.
Columbia Sussex closed last week on a deal for the Bally's Casino New Orleans. That acquisition provides a great opportunity in the New Orleans market where significant improvements to the property will also be made.
About Columbia Sussex
Columbia Sussex and its affiliates are one of the largest privately held hotel owners in the country, and one of Marriott Corporation's top licensees. Columbia Sussex and its affiliates operate 64 hotels, resorts and casinos in 28 states and overseas, including the Lighthouse Point Casino in Greenville, Mississippi, the Horizon Casino Resort in South Lake Tahoe and the Westin Casuarina property on Grand Cayman Island. It has also recently opened the Westin Casuarina in Las Vegas, and purchased the River Palms Casino in Laughlin, Nevada.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
