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National  + Nevada  + Hospitality  |  March 27, 2018
Dennis Kaiser
By: Dennis Kaiser

Meruelo Approved to Take Over Las Vegas Strip’s SLS Hotel, Casino

Downey-based Meruelo Group received approval from the Nevada Gaming Commission to acquire the SLS Las Vegas Hotel & Casino. The 1,616-room property is being transferred from San Francisco-based Stockbridge Capital Group.

The three-tower resort-casino includes the W Las Vegas. The deal is expected to close this month.

The new owner envisions investing up to $100 million to revitalize the property, including upgrades to the rooms, pools, casino floor and entertainment venues. The hotel is branded with Los Angeles-based SBE Entertainment’s SLS hotel concept,and is home to such SBE dining concepts as sushi restaurant Katsuya and gourmet burger restaurant Umami Burger.

The former Sahara Hotel & Casino property was bought by SBE and Stockbridge for $400 million in 2007. Following a renovation, the hotel reopened in 2014 as the SLS Las Vegas. Subsequently, Stockbridge acquired SBE’s 10% stake, and pays licensing fees for the use of the SLS name.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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