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Sahara Renovation, Expansion Wins County OK

LAS VEGAS-The new owners' plans call for demolition of the mid-rise hotel tower, renovation of the two high-rise hotel towers and development of a third high-rise hotel tower.

By Brian K. Miller | Updated on February 25, 2008

LAS VEGAS-The new owners of the Sahara Hotel and Casino have won county approval for a planned renovation and expansion of the 1950s-era property featured in the original “Ocean’s Eleven” film starring Rat Pack leaders Frank Sinatra and Dean Martin. Plans call for demolition of the mid-rise hotel tower, renovation of the two high-rise towers and development of a third high-rise tower. The resort would remain open throughout the project, which is currently expected to be complete in 2011.

The mid-rise tower to be torn down holds 200 rooms. The new tower would rise 520-feet and hold approximately 1,000 rooms. The work, including the renovation of the two existing high-rise towers, would take the total room count to 2,506 rooms from 1,720 rooms. Upon completion of the work, the resort would consist of a 90,000 sf of casino, 56,900 sf of retail, 78,900 sf devoted to restaurants, 32,600 sf of meeting space, 26,600 sf of nightclubs, a 22,600-sf spa and fitness center and a 19,000-sf theater. Price and design have not yet been solidified.

SBE Entertainment Group LLC of Los Angeles and San Francisco-based Stockbridge Real Estate Funds acquired the 18-acre property at the north end of the Las Vegas Strip for between $300 million and $400 million in August and have since put a couple of million into minor upgrades. SBE, which has hotel, nightclub, restaurant and film divisions, has assumed management of the hotel and its associated food and beverage operations. Sahara’s 85,000-sf casino will be operated by Navegante Group, a casino management and development company owned by Las Vegas casino executive and entrepreneur, Larry J. Woolf.

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