Hospitality, real estate, and entertainment company SBE, helmed by Sam Nazarian, is moving to an asset-light model so it can focus on its management operations, according to this article from Bloomberg. Nazarian is putting his SLS Beverly Hills hotel on the market as part of the company’s new strategy, and says he expects it to sell for more than $210 million. SBE, which currently has five hotel properties open, intends to cash in on its real estate investments while expanding its management contracts. The company is also in talks for three potential buyers for the SLS Hotel South Beach. Read more over at Bloomberg.
