Owner Alex Meruelo announced during a special event at the SLS Las Vegas that the hotel-casino will become Sahara Las Vegas in its next iteration. Meruelo said $150 million dollars will be spent to renovate the current property. (Heidi Fang/Las Vegas Review-Journal)
Reno businessman plans $100M investment to revitalize SLS. Alex Meruelo will invest to revitalize the SLS Las Vegas after the Nevada Gaming Commission approved his acquisition. Meruelo told the commission Thursday that he would be able to make the property profitable by investing in the upgrades and redesign. “The capital investment is something that will make a dramatic impact. Things are already turning around, and I am very optimistic,” he said.
