When Larry Ellison, the founder of Oracle Corp., spent $35.8 million in 2017 to buy the Cal Neva Lodge in bankruptcy court, many hoped he'd bring his Midas touch to Lake Tahoe and the aging resort.
Now six years later, the almost 100-year-old resort once owned by Frank Sinatra has been sold again, this time to McWhinney, a leading real estate investment, development, and management firm out of Colorado.