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Post a Comment. Pages Home Sitemap. A modest celebration was held in October , marking the resort's 50th anniversary. In June , Gordon Gaming sought to evict the NASCAR Cafe and owner Dyer Ventures.
The attempted eviction was in response to alleged breaches in its lease regarding maintenance. The current management has become very hostile.
They just want to see if they can grab the money. The sale included Speed — The Ride, the race car simulators, and a NASCAR store.
The cafe remained under Dyer's ownership. The opening of the Las Vegas Monorail increased visitation to the Sahara.
Nazarian considered the Sahara ideal because of its proximity to the Las Vegas Convention Center, the planned Echelon Place resort, and several new high-rise condominiums.
SBE and Stockbridge completed their purchase on August 1, Nazarian had plans to renovate and redesign the Sahara. Hotel employees received new uniforms and the landscaping was also improved.
Mini-baccarat was added to attract an Asian clientele, and casino specials were added to lure more local residents to the property.
Revenue improved following the changes, and there were plans for a complete renovation of the resort. The companies intended to keep much of the historic hotel intact rather than demolish it, although there was the possibility of a name change.
The plans would include the demolition of the original Tunis Tower, the renovation of the two newer high-rise towers, and the addition of a new tower measuring feet in height.
The plans were scheduled for completion in ,   but construction never began due to the Great Recession ,  which negatively impacted the Sahara and the northern Las Vegas Strip.
In , the Sahara designated a portion of its casino space as "Locals Lane," part of an effort to appeal to local residents.
Slot machines in this area gave higher payouts, and a separate slot club redemption center was also set up for locals. In addition, the slot club provided such customers with discounts on hotel rooms, restaurants, and shows.
The Tangiers Tower remained open. On March 11, , it was announced that the Sahara would close in two months. The Sahara had 1, employees who would be affected by the closure.
SBE intended to help find new jobs for Sahara employees at MGM Resorts ' properties. Hotel customers with reservations following the planned closing date would also be transferred to MGM Resorts' properties.
At the time of the closing announcement, Nazarian, the CEO of SBE, said, "We are working with our partners to assess a variety of options for the property, including a complete renovation and repositioning.
While no final decisions have been made at this point, the continued operation of the aging Sahara was no longer economically viable.
I like change. It's fun to look back, but this might be a chance for the Sahara to move forward. Speed — The Ride closed on May 1, It was the largest liquidation sale in Las Vegas history.
Items that did not sell were donated. In September , plans to redevelop the Sahara were accelerated, as SBE and Stockbridge announced the purchase of the resort's mortgage debt.
Later in , the Clark County Commission approved renovation plans for the resort. The project's financing plan would include investors through the EB-5 program.
Nazarian said the Sahara hotel towers would be "stripped down to their skeletons" to allow for renovation work. I'm making it smaller and more personal, though, so the experience is more manicured.
Bigger isn't better. Senate Majority Leader , later received criticism for using his power to expedite the EB-5 process for Asian investors in the SLS.
Reid defended his action, stating that the project otherwise could have lost funding, resulting in the loss of future jobs. In early , it was announced that the SLS Las Vegas would open later that year on August 29, during the Labor Day weekend.
Construction progressed ahead of schedule, prompting a new opening date of August 23, The campaign honored the original Sahara through photographs taken during the s, alongside modern images of the SLS.
Historical photos were also featured inside the SLS. Stockbridge received state approval to operate the casino two days prior to the scheduled opening.
Stockbridge would operate it through a subsidiary known as SB Gaming. The Nevada Gaming Commission requested that Nazarian and SBE not have any involvement in the casino operation until his license investigation was concluded, a process that was expected to take up to five months.
Stockbridge owned 90 percent of the resort, while SBE owned the remainder. SLS Las Vegas hosted a VIP party on the night of August 22, , ahead of the public opening at midnight.
Thousands of local residents arrived for the midnight opening,   which was celebrated with performances by Iggy Azalea , Rita Ora , and Lenny Kravitz.
A fireworks display also marked the celebration. The SLS Las Vegas was SBE's flagship property with 1, rooms, the most of any of its hotel properties.
The SLS also sought to attract between 35 and 40 percent of its business through local residents, a demographic that generally did not venture to the Las Vegas Strip.
The Sahara's original entrance for the Las Vegas Monorail was demolished and rebuilt for easier access from the casino.
Little remained of the earlier Sahara resort, aside from the exterior shell of its buildings. The rooms in the Story tower featured a basic design with gray walls and exposed concrete ceilings.
Nazarian had the casino floor redesigned for a darker appearance resembling a nightclub, with a high ceiling and exposed ductwork.
In contrast to the Sahara casino, the number of slot machines in the SLS was reduced to allow more table games. The updated SLS floor plan had gaming throughout the property, including table games in one of the nightclubs and in a restaurant's lounge area.
Prior to its opening, observers were concerned that the SLS did not have enough of a focus on its casino portion.
The Cosmopolitan, also a modern resort with a limited focus on gaming, had lost money since its opening in However, gaming was no longer a primary source of revenue for most casino resorts in Las Vegas.
The SLS opened with nine restaurants, many of which were popular in Los Angeles. The SLS had three nightclubs: Foxtail, Life, and Sayers Club.
Life had capacity for 1, people,  and included three bars, 70 VIP tables, DJ music, and a rooftop pool smaller than the one at Foxtail.
It doubled as a live music venue. Fred Segal was a well known retailer in the Los Angeles area and was added to SLS Las Vegas to provide southern California tourists with familiarity.
It marked the first time that Fred Segal opened a location outside of southern California. A foot-tall abstract statue, known as Sam by Starck , was designed by Starck and placed in front of the SLS, as a homage to Nazarian.
The statue, resembling a silver starfish, was compared by some observers to the Stay Puft Marshmallow Man and the Pillsbury Doughboy.
A foot metal duck statue, also by Starck, was added to the hotel's pool area. The opening of the SLS was considered a positive step for the north Las Vegas Strip following the Great Recession.
The SLS opening was followed by the winter season, typically a weaker business period for Las Vegas resorts. A reduction in staffing was common for Las Vegas Strip casinos shortly after opening, as business is difficult to predict prior to that point.
The number of layoffs was low for a Las Vegas resort. It was temporarily closed for the season in November , with an expected reopening the next year.
In December , during a hearing with the Nevada Gaming Control Board, Nazarian admitted to drug use earlier in the year. The board had concerns about this and also questioned Nazarian's handling of an extortionist who received money from Nazarian to leave him alone.
The board was concerned that Nazarian could be easily manipulated, but ultimately recommended him for a limited gaming license.
Nazarian said he wanted to focus on other SBE brands, while SBE would continue to operate the non-gaming areas of the SLS. Although Nazarian was no longer involved in operations, state law still required that he be licensed, as he owned more than five percent of the resort.
A few days after Nazarian's departure, the Nevada Gaming Commission held a hearing in regard to his licensing. Although the commission intended to deny him, Nazarian apologized for his past actions and convinced the commission to grant him a one-year limited gaming license.
Because of the prior concerns regarding Nazarian, there were several conditions relating to his license, including random drug testing and no involvement in casino operations.
Although the Griddle Cafe was popular among customers, its owner chose to close it in January , to focus on new locations.
The restaurant was renamed as Northside Cafe the following month. The family stated that the image infringed on Martin's right of publicity , and legal action was threatened if the SLS did not either remove the carpet image or pay the fee.
The SLS filed a lawsuit against Martin's family and sought a declaratory judgment that the carpeting was not infringement.
The SLS experienced revenue losses during the first half of Kreeger estimated that a complete turnaround at the resort could take 18 to 24 months as adjustments were made.
Two SLS restaurants were sold to restaurant operator One Group in July , although SBE continued to manage them. Kreeger said that local customers were not interested in the high-priced clothing at the Fred Segal stores, and tourists from southern California already have such stores to shop at, leading to the closure of the SLS locations.
In October , it was announced that Nazarian would sell his percent interest to Stockbridge, which would pay a licensing fee to SBE to continue using the SLS name.
Stockbridge stated that the deal would be more cost-efficient and would give greater flexibility to open new restaurants at the resort.
Nazarian also considered the deal beneficial. That month, Stockbridge announced a partnership with Starwood to take over the room Lux tower and reopen it in under the name W Las Vegas.
W Hotels was considered a luxury brand, and the new project was expected to increase revenue by attracting a more upscale demographic.
In addition, the two SLS towers were be added to Tribute Portfolio , a chain of independent four-star hotels. Both companies financed the W Las Vegas project, while the other two towers remained part of the SLS Las Vegas.
Starwood managed the W Las Vegas, while Stockbridge continued managing the SLS. It would mark the first W hotel in Las Vegas after several previous attempts to build one, including a failed project near the Las Vegas Strip.
The Life nightclub reopened as a live music venue, The Foundry, in February Musical acts were handled by Live Nation Entertainment.
W Las Vegas had been scheduled to open in September , but this was delayed when Starwood was acquired by Marriott International that month. W Las Vegas ultimately opened on December 1, , becoming the city's latest hotel-within-a-hotel after others such as Delano Las Vegas.
It included its own entrance at the rear of the SLS. Kreeger resigned as SLS Las Vegas president at the end of , to work for another company. They had previously worked as executives for the Aliante hotel-casino in North Las Vegas.
In May , it was announced that Reno businessman Alex Meruelo and his company, Meruelo Group, would purchase the SLS Las Vegas from Stockbridge. The sale was initially expected to be finalized later that year,   although continued price negotiations between Meruelo and Stockbridge pushed back the completion of the purchase.
The "SLS" name was not popular among gamblers, and there were rumors that the resort would revert to its "Sahara" name once Meruelo took over ownership.
Such departures were common during an ownership transition. At the end of , a lawsuit was filed by 60 Chinese residents who had invested in the SLS through the EB-5 program.
The suit was filed against Stockbridge, SBE, and Meruelo. The investors had yet to receive a green card through the program, and they alleged that the resort had never made a profit.
Meruelo negotiated with the investors regarding their loan money, which was due back in and In February , the Culinary Workers Union was in a labor dispute with Meruelo regarding his employees at the Grand Sierra Resort in Reno, Nevada.
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