In The News – Waldorf Astoria Lake Tahoe project gets another notice of default over $82M loan
March 4, 2025 | Member Submitted
Originally Published in the Reno Gazette Journal, 3/4/2025, Written by Jason Hidalgo
A Lake Tahoe luxury hotel development is in a precarious financial situation after receiving a second notice of default over an $82 million loan in less than a year.
Utah-based Lake Tahoe Partners LLC filed the notice on Feb. 27 against the Waldorf Astoria Lake Tahoe’s developer, according to a public document acquired from the Washoe County Recorder’s Office.
EKN Development, based in Newport Beach, California, is building the resort on the site of the former Tahoe Biltmore Lodge and Casino at Crystal Bay. The Reno Gazette Journal has requested comment from EKN Development.
Photo provided by Waldorf Astoria Lake Tahoe