McWhinney buys historic Cal Neva Resort
CRYSTAL BAY, Nevada — McWhinney Real Estate Services Inc., with offices in Loveland and Denver, has purchased the Cal Neva Resort on Lake Tahoe at Crystal Bay, Nevada.
The historic resort, which closed in 2013, was built in 1926 and redeveloped by Frank Sinatra in 1960. It was a hangout for the rich and powerful for years with Marilyn Monroe and President John F. Kennedy among its guests during the 1960s.
The transaction was recorded in Washoe County of Nevada on April 4. Purchase price was $54.5 million. Seller was CN Hotel Holdings LLC of Walnut Creek, California, which bought it out…
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