The Real Deal Miami

National market report: Vegas’ Sahara hotel and casino receives $300M in financing

June 04, 2012 03:45PM

The Sahara

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.