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SLS Starts Its Conversion to the Grand Sahara Resort

Alex Meruelo and The Meruelo Group will soon become the sole operator at the SLS Las Vegas, as hotel partner W Las Vegas departs the resort on July 20, ahead of huge changes for the 1,616-room, three-tower, north Strip resort.

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7/14/2018

article Grand Sahara Resort is temporary ‘working name’ for SLS Las Vegas
(Las Vegas) -- Meruleo Group said it still has not chosen a new name for the recently acquired SLS Las Vegas, but county permits refer to the property as Grand Sahara...
article SLS Las Vegas, formerly Sahara, has an iconic history — PHOTOS
(Las Vegas) -- 1952: Milton Prell opens the Hotel Sahara with 240 rooms. The $5.5 million, Moroccan-themed resort is decorated with life-sized camels. Ray Bolger, the...

7/12/2018

article Grand Sahara Resort is temporary ‘working name’ for SLS Las Vegas
(Las Vegas) -- Meruleo Group said it has not finalized a new name for the recently acquired SLS Las Vegas, but county permits show the listed project name as Grand...
article SLS Las Vegas, formerly Sahara, has an iconic history — PHOTOS
(Las Vegas) -- 1952: Milton Prell opens the Hotel Sahara with 240 rooms. The $5.5 million, Moroccan-themed resort is decorated with life-sized camels. Ray Bolger, the...
article SLS Starts Its Conversion to the Grand Sahara Resort
(Las Vegas) -- Alex Meruelo and The Meruelo Group will soon become the sole operator at the SLS Las Vegas, as hotel partner W Las Vegas departs the resort on July 20,...

4/10/2018

article Meruelo Group finalizes acquisition of SLS Las Vegas
(Las Vegas) -- After the sale of the SLS Las Vegas Hotel & Casino to The Meruelo Group, LLC was given the green light by the Nevada Gaming Commission last month, on...

4/9/2018

article Meruelo Group selects Paul Hobson to lead SLS Las Vegas
(Las Vegas) -- Meruelo Group, the new owner/operator of the SLS Las Vegas has selected Paul Hobson, a 27-year casino industry veteran, to lead the Las Vegas Strip...

4/8/2018

article Big plans for SLS Las Vegas
(Las Vegas) -- Add SLS Las Vegas resort to the list of openings and upgrades on the north end of the Strip. The new owner of the resort says it will spend $100 million...

4/5/2018

article Industry veteran to manage struggling SLS Las Vegas
(Las Vegas) -- Meruelo Group has officially taken over the SLS Las Vegas and chosen Paul Hobson, a 27-year casino industry veteran, to run the run the struggling...

3/26/2018

article Nevada Gaming Commission Approves SLS Las Vegas Hotel Gaming License
(Nevada) -- The Nevada Gaming Commission has approved the ownership transfer of SLS Las Vegas Hotel & Casino to The Meruelo Group, positioning the company's...
article SLS Las Vegas to Undergo $100 Million Renovation, as North Strip Optimism Continues
(Las Vegas) -- SLS Las Vegas, the north Strip casino resort that has struggled financially since it was re-envisioned from the Sahara in 2014, is undergoing further...
article SLS Las Vegas to Undergo $100 Million Renovation, as North Strip Optimism Continues
(Las Vegas) -- New owner Alex Meruelo told the Nevada Gaming Commission (NGC) last week that he’s going to spend $100 million to revitalize the resort. Meruelo...

3/23/2018

article The Meruelo Group receives approval for SLS acquisition
(Las Vegas) -- A multi-million dollar acquisition of the ailing SLS Las Vegas Hotel & Casino by gaming and media company The Meruelo Group has been approved by the...
article Meruelo Group Buying SLS Las Vegas
(Las Vegas) -- The ownership transfer of the 1,616-room SLS Las Vegas Hotel & Casino to Downey-based management firm Meruelo Group has been approved by the Nevada...

2/12/2018

article Culinary asks for investigation of prospective owner of SLS Las Vegas
(Las Vegas) -- The Culinary Union has asked Nevada gaming regulators to investigate Alex Meruelo’s financial dealings as the Reno businessmen seeks to complete the...

1/16/2018

article Thief steals money at SLS Casino
(Las Vegas) -- The SLS is the latest casino hit by a thief in the last seven days. The Las Vegas Metropolitan Police Department says on Monday morning after 9 a.m., a...

12/30/2017

article YEAR IN REVIEW: SLS Las Vegas on ‘verge of bankruptcy,’ investors allege
(Las Vegas) -- The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the ‘’verge of bankruptcy,’’ according to a lawsuit...

12/9/2017

article Investors in SLS Las Vegas sue, claim project was never profitable
(Las Vegas) -- Sixty Chinese investors who were promised U.S. permanent resident cards for investing in the SLS Las Vegas hotel and casino have sued the developers of...
article SLS Las Vegas on ‘verge of bankruptcy,’ investors allege
(Las Vegas) -- The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the ‘’verge of bankruptcy,’’ according to a lawsuit...

10/30/2017

article SLS Las Vegas Sale Price Tussle Means Final Deal Likely Delayed Until Q1 2018
(Las Vegas) -- Sales price haggling over the SLS Las Vegas may have pushed back the deal’s anticipated closing date, a spokesman for the transaction announced over...

10/27/2017

article Sale of SLS Las Vegas may not be completed until 2018
(Las Vegas) -- The sale of the SLS Las Vegas to Reno casino owner Alex Meruelo may not be completed until early 2018 as price negotiations continued long after the deal...

6/2/2017

article Gaming experts on how SLS can succeed on the north Strip
(Las Vegas) -- Intense speculation has surrounded SLS, the Strip resort purchased last week by Alex Meruelo and Meruelo Group, since it opened in 2014. The casino was...

5/31/2017

article Can Reno businessman turn around the SLS Las Vegas?
(Las Vegas) -- If Alex Meruelo’s acquisition history is any guidance, he probably picked up the SLS Las Vegas at a price far below the $800 million the previous...

5/29/2017

article New Owner for SLS Las Vegas
(Las Vegas) -- The struggling SLS Las Vegas is being sold to an investment group that owns the Grand Sierra casino in Reno, Nevada. Stockbridge Capital Partners, SLS...

5/25/2017

article After Sale, Are Changes Coming To The SLS?
(Las Vegas) -- The SLS Las Vegas announced this week it was bought by the Meruelo Group. The company already owns the Grand Sierra Resort in Reno. "[The SLS has]...

5/23/2017

article SLS on Las Vegas Strip sold to Meruelo Group
(Las Vegas) -- Alex Meruelo and Meruelo Group, owners of the Grand Sierra in Reno, have agreed to buy the SLS Las Vegas for an undisclosed amount from Stockbridge...

1/4/2017

article 2 Aliante execs to take reins at SLS Las Vegas
(Las Vegas) -- Two former top executives at the Aliante property in North Las Vegas, now operated by Boyd Gaming, will take the reins of the 1,300-room SLS Las Vegas on...

12/16/2016

article SLS chief Kreeger resigns after two years
(Las Vegas) -- Scott Kreeger, the president and chief operating officer of the SLS Las Vegas, is stepping down, the resort announced today. Kreeger is leaving the SLS to...
article Top executive at SLS Las Vegas leaving his post
(Las Vegas) -- Scott Kreeger, who stepped in as president and chief operating officer of the SLS Las Vegas just over two years ago, is leaving the 1,616-room resort to...

3/21/2016

article Breaking: José Andrés' Ku Noodle Shutters on April 1
(Las Vegas) -- Fans of José Andrés’ Ku Noodle better get in before April 1. That’s when his ode to noodles at SLS Las Vegas shutters for good.

12/18/2015

article Lux tower at SLS Las Vegas will become a W Hotel
(Las Vegas) -- The 289-room Lux tower at SLS Las Vegas will be transformed into a W Hotel, managed by Starwood Hotels & Resorts. It will be Las Vegas' first W,...

11/16/2015

article New partnership gives SLS hope for turnaround
(Las Vegas) -- SLS Las Vegas just turned a year old in August, but the hotel’s ownership and image have morphed considerably. Now, the $800 million resort is about...

11/14/2015

article SLS Las Vegas suffers $38.7 million net loss in third quarter
(Las Vegas) -- SLS Las Vegas lost $38.7 million in the third quarter and has lost more than $122.7 million in the first nine months of the year, according to a...

11/9/2015

article Deal will remake SLS hotel tower as W Las Vegas
(Las Vegas) -- Lodging giant Starwood Resorts Worldwide has a deal with the SLS Las Vegas to land its first W branded hotel on the Strip, a move that could help lift the...
article SLS Las Vegas teaming with Starwood to rebrand hotel tower
(Las Vegas) -- SLS Las Vegas announced today that one of its hotel towers will eventually be managed by Starwood Hotels & Resorts Worldwide Inc., a deal that will...

11/6/2015

article SLS Las Vegas, Hilton loyalty program no longer affiliated
(Las Vegas) -- SLS Las Vegas is no longer part of a special collection of upscale hotels associated with Hilton Worldwide Holdings Inc., ending the money-losing Strip...

10/6/2015

article Nazarian selling 10 percent stake in SLS Las Vegas
(Las Vegas) -- SLS Las Vegas visionary Sam Nazarian will sell his company's 10 percent stake to majority owner Stockbridge Real Estate, a spokesman for the resort...

8/18/2015

article SLS Las Vegas net loss reaches $48.6M in second quarter
(Las Vegas) -- The SLS Las Vegas suffered a net loss of more than $48.6 million in the second quarter and has lost more than $83.9 million in the first six months of the...
article SLS Las Vegas reports a loss of $48.7 million in second quarter
(Las Vegas) -- SLS Las Vegas reported its second-quarter earnings last week. Revenue: $36.9 million, according to a filing with the Securities and Exchange Commission....

8/6/2015

article Sam Nazarian in Merger Talks With Morgans
(California) -- Los Angeles hotelier Sam Nazarian is in advanced talks to combine his company with Morgans Hotel Group Co., a deal that would bring together some of the...

7/17/2015

article Amid struggles, SLS reaffirms its efforts to attract locals
(Las Vegas) -- SLS Las Vegas is by no means a neighborhood casino: It’s located on the Strip, which many locals avoid, and a lot of its chic restaurant and...

7/13/2015

article Despite slow start, SLS boss confident in future
(Las Vegas) -- Having worked as an executive at MGM Resorts International and Station Casinos, Scott Kreeger understands the Las Vegas market. He also knows about...

6/24/2015

article SLS lost $35m in first quarter
(Las Vegas) -- The SLS Las Vegas lost $35.3 million in the first quarter, according to a securities filing, and the Strip resort’s private equity owners...

4/2/2015

article Hotelier Nazarian, Back From Leave, Retakes Company’s Helm
(California) -- Hotelier Sam Nazarian is back in charge of his company after a 10-week leave of absence that stemmed from his testimony to Nevada gambling regulators...
article Private equity titan exits SBE board with promised $500M investment
(New York) -- Private equity titan Henry Silverman is leaving the board of Sam Nazarian’s SBE Hospitality — and taking his $500 million promised investment...

3/31/2015

article Reid calls visa whistleblowers ‘a bunch of whiners’
(Washington D.C.) -- Sen. Harry Reid acknowledges using his clout to speed visa applications for wealthy foreign investors in the SLS Las Vegas resort, and said...

3/26/2015

article Watchdog Says SLS Las Vegas Got Green Light With Reid's Help
(Las Vegas) -- Homeland Security's inspector general says applications for immigration visas for investors in the SLS Las Vegas casino-hotel development were sped...

3/24/2015

article ‘Favoritism’ in SLS investors’ visa requests tied to Reid
(Washington D.C.) -- A top Department of Homeland Security official improperly intervened to fast-track visas for foreign investors in the $415 million SLS Las Vegas...

1/29/2015

article Griddle Cafe out, Northside Cafe in at SLS
(Las Vegas) -- Less than six months after opening, the Griddle Cafe at SLS will close this weekend. A new 24-hour diner, Northside Cafe, will take its place starting Feb...

1/6/2015

article SLS Brings Tastes of L.A. to Las Vegas
(Las Vegas) -- Once home to the famous Sahara Hotel, the new SLS Hotel and Casino in Las Vegas now houses 1,600 rooms and a 56,000-square foot casino. Designed by...

1/2/2015

article After stormy start, do better days lie ahead for SLS Las Vegas?
(Las Vegas) -- For evidence of just how important Sam Nazarian was to the creation of SLS Las Vegas, look no further than the iconic starfish-like silver sculpture that...

11/10/2014

article SLS Las Vegas buffet to close, reopen in 2015
(Las Vegas) -- SLS Las Vegas will close its buffet restaurant on Sunday, but officials said it would to reopen the space after the first of the year. New SLS President...
article SLS Las Vegas temporarily closing its buffet until next year
(Las Vegas) -- The newest hotel-casino in Las Vegas is already scaling back after opening. The Buffet at SLS Las Vegas is closing until early next year. The following...

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