Paragon, which has owned the property since 2015, licensed the Hard Rock name from Hard Rock International’s owner, the Seminole Indian Tribe of Florida, and remodeled the hotel and its 25,000-square-foot casino. Highway 50 and Lake Parkway and will provide a location to host conferences, sports tournaments and concerts with a capacity of up to 6,000 attendees. The 132,000-square-foot facility is being constructed at the corner of U.S. The property also sits across from the long-planned $80 million Tahoe South Events Center. It is one of four hotel-casinos in the South Lake Tahoe market, which saw gaming revenue increase 5.5 percent in 2022 to $263.6 million. The 539-room hotel-casino sits on 24 acres adjacent to picturesque Lake Tahoe and across from Bally’s Lake Tahoe. Hard Rock Lake Tahoe is the first casino visitors see along Highway 50 as they enter Stateline. The company said in a statement it hopes to close on the purchase in the next seven to 12 months.
Nevada gaming regulators need to approve the transaction.
