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Las Vegas Resort Holdings, LLC, proprietor of the SLS Las Vegas, reported today that it has consented to offer the gaming resort on the Las Vegas Strip to Alex Meruelo and Meruelo Group, proprietors of the Grand Sierra Resort Hotel and Casino in Reno. Terms of the arrangement were not uncovered. The exchange, which is liable to administrative and other required endorsements, is relied upon to be finished in the second from last quarter of 2017. 

Meruelo Group Chairman and CEO Alex Meruelo stated: 

This is an ideal chance to procure a head gaming property on the world well known Las Vegas Strip. We anticipate bringing our experience and fruitful reputation as a clubhouse proprietor, and to use our Los Angeles-based media and excitement properties, to position the SLS as a standout amongst the most fancied goals in Las Vegas.

SLS Las Vegas opened in August 2014 after an aggregate redesign of the memorable Sahara Hotel and Casino. In 2015, SLS Las Vegas declared a long haul concurrence with Starwood Hotels and Resorts Worldwide to change over a part of the lodging to the W Hotel mark. The 289-room W Las Vegas opened in December and is overseen by Marriott International. The staying 1,327 visitor rooms are worked as SLS Las Vegas, a Tribute Portfolio Resort, under an establishment assention. 

Meruelo Group is a secretly held, enhanced administration organization established in 1986 by U.S. Latino business official Alex Meruelo. The Meruelo Group serves an enhanced arrangement of 35+ organizations crosswise over 7 essential enterprises with more than 10,000 workers. The Meruelo Group portfolio is contained partners in an extensive variety of enterprises including: saving money and monetary administrations; development; accommodation and gaming; media; eatery nourishment administrations: land administration and improvement; and, private value contributing. Meruelo Group gained the 1,990-room Grand Sierra Resort Hotel and Casino in Reno, Nevada in 2011. 

Meruelo Group is a secretly held, differentiated administration organization established in 1986 by U.S. Latino business official Alex Meruelo. The Meruelo Group serves an expanded arrangement of 35+ organizations crosswise over 7 essential businesses with more than 10,000 representatives. The Meruelo Group portfolio is contained associates in an extensive variety of ventures including: saving money and monetary administrations; development; neighborliness and gaming; media; eatery nourishment administrations: land administration and advancement; and, private value contributing. Meruelo Group obtained the 1,990-room Grand Sierra Resort Hotel and Casino in Reno, Nevada in 2011.

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