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National market report: the Sahara gets $300M in financing for redevelopment

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From the May issue: The owners of the Sahara, a Las Vegas hotel and casino, last month received $300 million in financing from JPMorgan Securities to redevelop the property, according to reports. The casino, which has been shuttered since last year, is owned by Stockbridge Capital Group and the development company SBE. In 2014, the Sahara will reopen as SLS Las Vegas, with 1,600 guest rooms, along with restaurants, bars and clubs. Click here for these stories and more.

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National Market Report