LAS VEGAS-Stockbridge Capital Group LLC and sbe have secured $300 million in financing to redevelop the Sahara Hotel & Casino into SLS Las Vegas. J.P. Morgan Securities LLC raised the funds in less than two weeks for the comprehensive makeover of the Sahara.
The partners bought the gaming destination from Gordon Gaming Corp. in 2007. Construction will be managed by PENTA Building Group. The rebirth of the Sahara Hotel & Casino as SLS Las Vegas is on time for 2014. For the full story, go to Commercial Property Executive .
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