By 1983, the subsidiary was losing money, and Caesars sold it to Visual Technology (Tewkesbury, MA), a maker of computer terminals, for a $9.5 million convertible note. Caesars had increased its stake to 100 percent by 1980, when it sold 9 percent of Ontel to AEG-Telefunken for $3.5 million. The firm returned to the computer industry in 1976, buying 80 percent of Ontel Corporation (Woodbury, NY), a maker of all-in-one PCs. Ĭaesars extended its presence in the Poconos, buying the Paradise Stream Resort in 1973, the Pocono Palace in 1976, and Brookdale-on-the-Lake in 1983, which it renamed as Caesars Brookdale. The company moved its headquarters from Miami in 1973 to be closer to Caesars Palace, but chose Century City in Los Angeles over Las Vegas, because of its proximity to financial centers. A $150-million, 2,000-room resort called the Mark Anthony was planned for the site, but Caesars was unable to find financing, and sold the property four years later for $9 million to a group led by banker E. In 1972, Caesars World bought the Thunderbird casino, up the Strip from Caesars Palace, from Del Webb Corporation for $13.6 million. Caesars sold part of its stake to Brother Industries in 1974 for $3 million, and then sold its remaining shares in a public offering for $3.5 million. In 1971, the company made a foray into the technology sector, buying 21 percent of Centronics, a maker of printers and gaming control systems, from co-founder Samuel Lang for $1.7 million. Brown, owner of Kentucky Fried Chicken, for $4 million, and changed its name to Caesars World. Shifting its focus to the Las Vegas property, the company in 1971 sold 350 restaurants, nearly the entire chain, to John Y. They capped it off with Caesars Palace, bought in 1969 for $58 million. In the late 1960s, Lum's went on a buying spree, acquiring a meat packer, a chain of army-navy stores, and the Cove Haven honeymoon resort in the Poconos. In partnership with Ken Chivers, they began offering franchises in 1965, growing from 15 restaurants to 90 within a few months. They expanded to more locations, and took the company public in 1961. In 1956, brothers Stuart and Clifford Perlman bought a hot dog stand in Miami Beach named Lums. Website: covepoconoresorts.A Lum's restaurant in Fort Lauderdale, Florida in 1966 If you don’t like the retro decor but still want the resort experience, ask about their most recently updated rooms as they do have newer styles available!įavorite Room: Champagne Tower is a classic but I have a soft spot in my heart for the Harbour Tower, and tbh I love them all. While the cleaning staff has always done a fantastic job in our experience, this place is retro! Things will be “outdated” and worn down in some cases but again, we see that as part of the charm. Forget 5/5, this place is a 10/10 in our hearts. We recommend staying for a few days to fit in the activities like mini golf, skating, archery, group games, karaoke, tennis, boating, heart-shaped bar, and of course the in-room photoshoot you can book. They’re vocal about their acceptance of LGBTQ+ couples and the other folks we’ve interacted with there have been friendly and fun! You meet couples on their honeymoon and also couples who have been vacationing there for decades. In our experience they’ve been very helpful so if you have any issues with your room or stay be sure to ask for assistance. This is a couples resort with so much to experience, and if you’re willing to see the charm instead of wish for more updates then this place is for you. Take this place for what it is, a beautiful time capsule of honeymoon getaways that involve retro-chic rooms, kitschy decor, private whirlpools, and eclectic experiences like faux ice skating and live performances. Don’t forget that includes the resort facilities as well as Breakfast and Dinner! Location : 194 Lakeview Dr, Lakeville, PA 18438Ĭost : Rooms range from $200-$400 depending on your Suite and dates. Cove Haven: The crème de la crème of retro romance resorts.
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