MIAMI BEACH, FL-Sam Nazarian's SLS brand hotel is all set toopen in South Beach, Florida, backed by a $65 millionrecapitalization. Nazarian secured the finance for the Miami'sCollins Avenue project as equity given predominantly by hiscompany, SBE Entertainment, and his family.

The project embraces a beach club, a Bazaar restaurant, 10poolside bungalows and a sushi eatery. Nazarian plans to startconstruction in January 2011 and to open the hotel at the beginningof 2012. For the full story, go to Wall Street Journal. News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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