Columbia Sussex is a private hospitality company based in Crestview Hills, Kentucky. The company, owned by the Yung family, owns and operates hotels in various parts of the United States. As of 2008, the company operated 73 hotels under 13 different brands. The current president is William J. Yung III.
Columbia Sussex, founded in 1972, entered the gaming industry in 1990 with its acquisition of the Lake Tahoe Horizon in Lake Tahoe, Nevada.
On May...
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Columbia Sussex is a private hospitality company based in Crestview Hills, Kentucky. The company, owned by the Yung family, owns and operates hotels in various parts of the United States. As of 2008, the company operated 73 hotels under 13 different brands. The current president is William J. Yung III.
Columbia Sussex, founded in 1972, entered the gaming industry in 1990 with its acquisition of the Lake Tahoe Horizon in Lake Tahoe, Nevada.
On May 19, 2006, Columbia Sussex signed an agreement to purchase Aztar Corporation, owner of the Tropicana Resort & Casino in Las Vegas, Nevada, the Tropicana Casino Resort in Atlantic City, New Jersey, and other properties. According to the purchase agreement, Columbia will pay $2.75 Billion for Aztar, including $54 cash per share for its common stock, and assume $676 million in debt. The sale was approved by the Nevada Gaming Commission on November 16, 2006 with a subsidiary of the company to operate the casinos. The sale was completed on January...
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