May 06, 2026 Press Release
Realberry, Proper Hospitality Secure Financing for Cal Neva Redevelopment
Following the closing of a major funding round, the legendary Cal Neva starts a new chapter as a design-driven resort and casino set on Lake Tahoe
NEWS
InsideHook: A Rat Pack Destination at Lake Tahoe Readies Its Comeback
Published May 15, 2026
InsideHook reports that the Cal Neva Lodge - once one of the most storied hotels in the American West and a favored destination for Frank Sinatra, Dean Martin, and Marilyn Monroe - is preparing for a full-scale renovation and rebranding as the Lake Tahoe Proper Resort and Casino. The article notes that Realberry has partnered with Proper Hospitality, known for well-regarded properties in Austin and Santa Monica, targeting a 2027 opening. It reflects on the Cal Neva's complex history, including its celebrity allure, underground tunnel system, and the challenges facing new ownership in balancing preservation with modernization.
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