BLDG Management and Metrovest Equities acquire Lake Tahoe beachfront hotel in expansion of Gurney’s Resorts portfolio

South Lake Tahoe, CA BLDG Management and Metrovest Equities have acquired the Beach Retreat & Lodge, a four-season, destination hotel, as part of an expansion strategy for the Gurney’s Resorts brand. Gurney’s Lake Tahoe is expected to open in early 2027 following a comprehensive renovation and repositioning project.

Located at 3411 Lake Tahoe Blvd., the 7.6-acre, 13-building resort is on almost 1,000 ft. of linear natural beach frontage and includes a marina, pool and immediate access to leading area ski resorts. 

“This acquisition represents a strategic investment and an expansion of Gurney’s Resorts into one of the most distinctive, year-round, alpine destinations in the world,” said Justin Kleinman, executive vice president and chief operating officer of BLDG Management Co., Inc. “Lake Tahoe’s stunning natural beauty, four-season appeal and supportive local community make it an ideal addition to the portfolio. We are thrilled to bring the renovation plan to life in the coming year in partnership with the Lake Tahoe community and local businesses in the area.”

The new Gurney’s project, spearheaded by BLDG Management and Metrovest Equities, will elevate the resort’s position within the local community with a full redesign that will include renovation of guest rooms, new state-of-the-art amenities, landscape transformation as well as new restaurant and bar venues including a marquee indoor/outdoor waterfront dining and bar experience. 

The completed project will offer a series of new signature guest suites, a world-class fitness center and a health and wellness spa. Upgraded indoor and outdoor event spaces will provide multiple options for weddings, retreats and destination group travel. The new Gurney’s resort plan includes expansion of the existing pool deck and installation of hot tubs, fire pits and a brand new custom arrival experience.

“Gurney’s has established itself as a leading luxury resort brand distinguished by sophisticated amenities, wellness programming and innovative dining options,” said Michael Nenner, president and chief operating officer of Gurney’s Resorts. “The Lake Tahoe property provides an unparalleled opportunity to offer guests world-class service in a location of unmatched beauty.”

Oceanview Commercial Mortgage Finance, LLC, an affiliate of Bayview Asset Management, provided a $40 million acquisition loan and a $45 million future advance facility for the repositioning of the project.

“We are honored to provide financing that enables the exceptional teams at BLDG Management and Metrovest Equities to realize their vision for this property, and paving the way for its transformation into an iconic Gurney’s Resort destination,” said A.K. Prabhakar, senior vice president at Bayview Asset Management.”

As part of its expansion plans, Gurney’s Resorts is exploring properties throughout the nation for possible acquisition or partnership. Gurney’s Resorts are luxury destinations where immersive experiences, refined design, high-touch service, architectural expression, indoor/outdoor connectivity, and wellness-forward programming converge to create an elevated escape for guests. 

Newmark’s, Greg Morgan and Adam Etra, represented the seller in the transaction and Institutional Property Advisors’, Max Herzog, Marko Kazanjian and Max Hulsh, placed the financing on behalf of the buyer.