from the Las Vegas Review Journal (2/23):
Commission green-lights Sahara remodeling plan
Project calls for construction of one tower, demolition of another, renovation of two
By HOWARD STUTZ
REVIEW-JOURNAL
"Clark County commissioners this week approved remodeling plans for the Sahara, which would include a new high-rise hotel tower and the demolition of the property's older mid-rise tower.
No price has been given for the makeover, which is conceptual, according to a spokesman for SBE Entertainment Group, the operating partner of the Sahara. Los Angeles-based SBE and private equity firm Stockbridge Real Estate Funds of San Francisco purchased the Rat Pack-era Sahara last year for between $300 million and $400 million.
Since taking over the hotel-casino in August, the owners have spent $2 million to enhance the 55-year-old Sahara, which has 1,720 hotel rooms and sits on an 18-acre parcel.
The plans submitted to Clark County call for a new 520-foot hotel tower with 1,000 rooms, the renovation of the existing two high-rise hotel towers and the removal of the 200-room mid-rise tower. Upon completion, the Sahara would have 2,506 hotel rooms." ....
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