Denver developer acquires historic resort at Lake Tahoe once owned by Frank Sinatra

CRYSTAL BAY, Nev. — A Denver-based real estate firm has acquired the Cal Neva Resort & Casino at Lake Tahoe, a historic hotel-casino built along the California-Nevada line in 1926 and once owned by Frank Sinatra but has been shuttered for 10 years.

McWhinney, which owns properties in a half-dozen states including Texas and Massachusetts, announced the deal as part of a partnership with The Kor Group and luxury boutique operator Proper Hospitality.

Chad McWhinney, co-founder, chairman and CEO of McWhinney, said the company is “thrilled for the opportunity to craft the next iteration of this one-of-a-kind resort.”

“Our vision is to reimagine and revitalize this iconic resort with deep historic roots into an exceptional experience for guests and the local…