Stockbridge Capital Group close las vegas casino

The casino featured a signature roller coaster and had operated for nearly 59 years.įurniture and memorabilia inside were sold at a fire sale, and the Sahara sign was donated to a museum. The corridor went even darker in May 2011, when owners closed the Sahara after saying it wasn’t economically viable. Owners say the resort will bring restaurants, nightlife and 1,600 guestrooms and suites to the Strip’s north end, which includes the famed Stratosphere but has seen far less of the glitzy development that’s re-energized the south end in the past decade.

“We see the northern end of the Strip as the future of Las Vegas, and we’re pleased to be positioned at the forefront of that growth,” said SBE CEO Sam Nazarian. LAS VEGAS > The owners of the shuttered Sahara casino on an aging stretch of the Las Vegas Strip say they’ve secured $300 million in funding to redevelop the iconic resort that once hosted the likes of Frank Sinatra and Elvis Presley.ĭeveloper SBE and real estate firm Stockbridge Capital Group LLC said Tuesday they plan to open the property in 2014 under the name SLS Las Vegas.

Stockbridge Capital Group close las vegas casino