Vegas Skyline // © 2012 Las Vegas News Bureau/LVCVA
Sbe and Stockbridge Capital Group have secured $300 million in funding to transform the Sahara Hotel & Casino into the SLS Las Vegas. The redevelopment is anticipated to create thousands of local jobs beginning in the next two years.
“We see the northern end of the Strip as the future of Las Vegas, and we’re pleased to be positioned at the forefront of that growth,” said sbe founder, chairman and CEO Sam Nazarian. “Las Vegas has recovered steadily in the past year, and we’re excited to be able to inject capital back into the local economy through the adaptive reuse of the famed Sahara.”
The SLS Las Vegas will be created with collaboration between Nazarian, renowned design icon Philippe Starck, and James Beard Award-winning chef Jose Andres. The property will be Starck’s first Las Vegas resort and his largest hospitality project to date. Once completed, SLS Las Vegas will feature an all-encompassing, mixed-use resort and casino with more than 1,600 guestrooms and suites and a collection of sbe’s acclaimed restaurant and nightlife brands. www.sbe.com