The corporation that owns Embassy Suites Lake Tahoe - Hotel & Ski Resort said today that the hotel will operate as an independent property with a new management company as of April 1.
On April 1, Embassy's affiliation will go away, and the new site name will be the Lake Tahoe Resort Hotel.
PHR Management, Inc., an affiliate of Ken Corp. Ltd., the Japan-based ownership group, will assume management of the hotel. PHR said it will retain the hotel's 220 employees.
Ken Corp. said it is also planning to invest $5 million to $7 million in property renovations, starting early this summer.
John Steinbach, a former executive with the property, will return as general manager, a position he held from 2004 to 2010. Steinbach's history with the hotel dates back to its groundbreaking in 1990.
The nine-story, all-suite hotel is in South Lake Tahoe, just yards west of the California-Nevada border. It has 400 rooms, 10,000 square feet of meeting space, a restaurant and a bar. The hotel opened in 1991.
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