TRUCKEE, CA-Kennedy Wilson and partners have become the new owners of the Ritz-Carlton Lake Tahoe and Ritz-Carlton Residences Lake Tahoe. Kennedy Wilson has made an equity investment of $18 million in the deal to acquire a 50% ownership interest. The resort, completed in 2009, consists of 170 guest rooms and a residential portion on the hotel's top floor in addition to a private wing on the third floor.
Kennedy Wilson will commence marketing 23 penthouse residences at the resort in January 2013. For the full story, go to Sacramento Business Journal .
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