Vegas Tripping’s good friend, Sam Nazarian, continues his push to get out of the reality TV ghetto and into the real estate mogul world with another interview. This time he says that the SLS Hotel in Las Vegas will be opening in 2014. Of course, they’ve yet to break ground so there’s almost no way this is likely to happen.
In March 2012, Nazarian plans to open a luxury hotel in Miami, the SLS South Beach. Various other SBE-owned businesses, including Katsuya Restaurant, Umami Burger, and Hyde Lounge, will also inaugurate franchises across the U.S., leading up to the planned opening of SLS Las Vegas and SLS New York in 2014. (He won’t say where in New York he plans to open but has signed a letter of intent on a Midtown property.)
It looks as if he’s telling the same BS stories to investors about potential for a New York City property that he is about a potential Las Vegas property. Call me crazy, but it will be more difficult to build (in NYC) since he doesn’t even have land yet.
All in all this article in (note: photo above from) Business Week is a quick read and it should be since it’s chock full of nothing.
For you Sahara enthusiasts, keep the dream alive!
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