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    Sam Nazarian

    Founder and CEO
    SBE Entertainment
    131 Spring Street
    New York, NY 10012
    800 606 6090

    Sam Nazarian is  the founder, chairman and CEO of SBE Entertainment Group, owning nightclubs, restaurants and hotels.

    His nightclubs are mostly in Los Angeles, and Nazarian frequently closes, renovates and reopens them under new names to keep the properties fresh.

    Nazarian owns hotels in Los Angeles, New York, Miami, London, Dubai and the Bahamas.

    • Event Sales
    • Address 444 Park Avenue South
    • Neighborhood NoMad
    • Borough Manhattan
    • Square feet 90,000
    • Price $ 45,000,000
    • Price per foot $ 500.00
    The property sold for $45 million. The buyers plan to spend an additional $40 million to add five floors to the building and convert it into a boutique hotel, slated to open in the second quarter of 2013.

    Meanwhile, CIM has also teamed up with Madison Equities to develop a hotel at 140 Sixth Avenue, between Spring and Broome streets, to be run by hotelier Sam Nazarian's SBE company...