Difficult SLS Las Vegas, Former Sahara, Sold to Reno Resort Owner

Difficult SLS Las Vegas, Former Sahara, Sold to Reno Resort Owner

SLS Las Vegas happens to be sending out SOS signals from the time it underwent a $415 million renovation less than 36 months ago. The previous famed Sahara Hotel and Casino had been turned in to a sleek and resort that is modern’s abbreviated moniker stood for ‘Style, deluxe, Service.’

The blob that is happy might be a little sad after learning SLS Las Vegas has been offered.

It didn’t work. This week, the Meruelo Group, a California-based holdings company that has the Grand Sierra Resort and Casino in Reno, announced it had been acquiring https://real-money-casino.club/ SLS Las Vegas for an undisclosed cost from Stockbridge Capital Partners.

‘ This will be a once in a lifetime possibility to acquire a premier gaming home on the world famous Las vegas, nevada Strip,’ Meruelo Group Chairman Alex Meruelo said in a statement.

In addition to its Reno casino and future stake in Las Vegas, the independently held Meruelo Group portfolio includes banking and financial solutions, hotels, food establishments, and a Spanish-language television section in Los Angeles.

Storied History Disrupted

SLS was envisioned by Sam Nazarian, whose dad made the household’s fortune from being an early investor in Qualcomm.

Though Nazarian’s business, SBE Group, had no expertise in getting or operating a resort that is major it bought the Sahara in 2007, along with Stockbridge, for somewhere between $300 and $400 million.

Roughly five years later on, the resort that ho Continue reading “Difficult SLS Las Vegas, Former Sahara, Sold to Reno Resort Owner”