MontBleu Resort is a popular destination for tourists and travelers looking to experience the beauty of Lake Tahoe. But, who owns this magnificent resort? In this article, we will take a closer look at the owners of MontBleu Resort and their background.
The History of MontBleu Resort
Before we dive into the ownership of MontBleu Resort, let’s take a brief look at its history. The resort was originally opened in 1978 as Caesars Tahoe, which was later rebranded to Horizon Casino Resort in 1990. In 2005, Columbia Sussex purchased the property and rebranded it as MontBleu Resort Casino & Spa.
The Owners of MontBleu Resort
Columbia Sussex is a privately held company that owns and operates hotels, resorts, and casinos across the United States. The company was founded in 1972 by William J. Yung III and is currently headquartered in Crestview Hills, Kentucky.
William J. Yung III
William J. Yung III is the founder and former CEO of Columbia Sussex Corporation. He was born on September 9th, 1943 in Hong Kong to a Chinese mother and an American father. Yung attended Georgetown University where he earned his undergraduate degree before going on to receive his MBA from Harvard Business School.
Yung has been involved in numerous business ventures throughout his career including real estate development, banking, and hospitality management. He has also served on several boards including the National Restaurant Association and the Kentucky Chamber of Commerce.
Eric Langan
Eric Langan is the current CEO of Columbia Sussex Corporation. He joined the company in 1997 as Vice President of Marketing before being promoted to COO in 2004 and then CEO in 2011.
Langan has been instrumental in the growth and success of Columbia Sussex, overseeing the acquisition and development of numerous properties across the country. He has also been recognized for his leadership in the hospitality industry, receiving the Ernst & Young Entrepreneur of the Year award in 2014.
Conclusion
MontBleu Resort is owned by Columbia Sussex Corporation, a privately held company founded by William J. Yung III. The current CEO of Columbia Sussex is Eric Langan, who has been instrumental in the growth and success of the company. With its breathtaking views and world-class amenities, MontBleu Resort continues to be a top destination for tourists and travelers visiting Lake Tahoe.
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