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Starwood Signs SLS Las Vegas to Tribute Portfolio

Starwood Signs SLS Las Vegas to Tribute Portfolio

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. today announced its largest hotel rooms deal in North America since pre-recession with the signing of SLS Las Vegas on the world-famous Las Vegas Strip and Sahara Boulevard. Owned by Las Vegas Resort Holdings, LLC, the three distinct hotel towers, encompassing more than 1,600 guestrooms and suites, will be branded by the end of this year under Starwood’s recently launched Tribute Portfolio, while the 289-room “LUX Tower” will be converted to a W Hotel upon completion of a renovation in 2016. The W Las Vegas conversion will include the addition of a W Living Room (the W brand’s take on the traditional hotel lobby), a dedicated entrance for W guests, nearly 14,500 square feet of new W-branded meeting and event space, signature Away Spa, FIT state-of-the-art fitness center, and an exclusive outdoor WET pool deck and bar. The other two hotel towers, comprising 1,324 rooms, will be operated as SLS Las Vegas, a Tribute Portfolio Resort. “SLS Las Vegas, with some 1,600 rooms, is a milestone addition to Starwood, growing our total footprint worldwide by nearly half a percent with a single signing,” said Adam Aron, chief executive officer of Starwood Hotels & ...

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Sam Nazarian Sells Stake in SLS Las Vegas

Sam Nazarian, founder and CEO of SBE Entertainment Group, has agreed to sell his minority stake in the SLS Las Vegas hotel, which opened in August 2014. His company will also give up management of the company, according to The Wall Street Journal. Stockbridge Capital Partners, the company that already owns 90 percent of the hotel, has agreed to purchase the other 10 percent from Nazarian. As part of the agreement, the hotel’s employees will continue to work at the company, but will now report to Stockbridge. SBE will no longer collect management fees from the hotel, but will continue to receive licensing fees for the brand, notes the article. The hotel will remain an SLS hotel through a franchise agreement with SBE.

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Check out the SLS Las Vegas Lux Tower

Check out the SLS Las Vegas Lux Tower

A $415 million renovation of the Sahara Hotel, the SLS Las Vegas features more than 1,600 rooms in three towers. Creative Director Philippe Starck and global architects Gensler conceptualized every element of the guestrooms, restaurants, and social atmospheres inside this lifestyle-driven resort from SBE. The Lux Tower occupies the Sahara’s old Alexander Tower, which was built in the early 1960s. During the total revamp, SBE’s development team, led by Joe Faust, gutted the building down to the concrete structure in order to create an all-suite product. To gain the additional space, they took every three guestrooms and constructed two. They also modernized the exterior by removing balconies and replacing them with a new curtain wall system. “In the Lux Tower, we didn’t have huge budgets, so we tried to give people a little bit of a different sense of luxury,” Faust says. “We didn’t have the money to put in marble and millwork everywhere, but that is of less importance to this generation, the younger demographic that SLS Hotels typically appeal to.” Life’s Rich Tapestry Ghost-like tapestry wall coverings, manufactured in Paris, feature a cameo of a queen above the headboard. Her yellow hair and pink lips add a splash ...

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Sam Nazarian No Longer Involved in Management of SLS Las Vegas

Sam Nazarian No Longer Involved in Management of SLS Las Vegas

Sam Nazarian, CEO of global hospitality and entertainment company SBE Entertainment Group, will no longer be involved in the management of the SLS Las Vegas, a $415 million renovation of the Sahara Hotel that debuted in August. Stockbridge Capital Partners, the hotel’s principal investor, made the decision after Nazarian told Nevada gambling regulators he was the victim of an alleged extortion scheme and had used illegal drugs, the Wall Street Journal reports. According to the article, Stockbridge reached an agreement with Nazarian that will allow him, his family, and SBE to maintain its 10 percent ownership stake in the property, and for SBE to continue to operate the property’s nightclubs, retail spaces, and restaurants. Nazarian will no longer oversee any of those venues and is relinquishing day-to-day operations at the hotel.

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SLS Las Vegas Debuts

SLS Las Vegas Debuts

LAS VEGAS—SLS Las Vegas, the lifestyle-driven resort by SBE, will open its doors at midnight as the first major casino resort debuting in Las Vegas in several years. A $415 million renovation of the legendary Sahara Hotel, the SLS Las Vegas is SBE’s largest hotel to date. “The opening of SLS Las Vegas is a major milestone, not only for the expansion of the SLS Hotels brand, but for the future of Las Vegas,” said Sam Nazarian, founder, chairman and CEO, SBE. “We’re very excited to welcome guests to experience the property and the incredible concepts we’ve built with our dedicated partners, and we look forward to watching the North end of The Strip continue to grow.” SLS is one of a handful of recent projects refueling the local economy. Through the combined vision of Nazarian, James Beard award-winning chef José Andrés as the property’s culinary director, and design icon Philippe Starck consulting through Gensler, SLS Las Vegas offers standout service and stylish rooms complemented by the best of SBE’s brands under one roof. Every element of SLS Las Vegas’ guestrooms, multi-concept restaurants, and social atmospheres was conceptualized by Starck and Gensler. The property features more than 1,600 rooms in ...

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