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Shangri-La Hotels

Will manage the Shangri-La (2010, 400 rooms) announced for Echelon Place.

Sahara Investments, LLC

AllureLasVegas.com

Proposing a 1,300-room hotel. In a 72-story tower on 2.29 acres on the north side of Sahara Avenue and west of Fairfield Avenue.

Joint venture of Chicago-based Fifield Companies (founded by Steve Fifield), CB Richard Ellis-Strategic Partners, and land-owner Andrew Fonfa as ABF, Inc.

Sahara Investments Hotels in Las Vegas
Hotel	Opened	Rooms
Allure Las Vegas	2010?	1,300
Total		1,300

Sahara Las Vegas Corp.

A subsidiary of Archon Corp which owns the site of the defunct Wet 'n Wild waterpark. Was to be bought by LVT1 for the now-canclled Crown Las Vegas project.

SBE Entertainment Group

Hotels: 1; Rooms: 1,720

CEO: Sam Nazarian | sbeent.com

12/16/09: The Sahara is closing some rooms (two of its three hotel towers).

Owns the Sahara (1952, 1720 rooms), with partner Stockbridge Real Estate Funds. The hotel is managed by subsidiary SBE Hotel Group; food and beverage is managed by subsidiary SBE Restaurant and Nightlife Groups; the casino is operated by Larry Woolf's Navegante Group. There are plans to add 800 rooms to the hotel.

Founded in 2002, SBE is a privately-held Los Angeles-based company started and led by CEO Sam Nazarian. SBE owns hotels Le Meridien Beverly Hills and Miami Ritz Plaza.

The Sahara opened in 1952 and was bought by Bill Bennett (part creator of Circus Circus, Excalibur and Luxor) in 1995. Bill died in 2002 and his wife, Lynn Bennet, died in 2006, leaving the Sahara to their son, William Gordon, operating as Gordon Gaming Corporation. In March 2007, Gordon Gaming agreed to sell the Sahara to SBE and Stockbridge for an undisclosed sum. The last remaining "Rat Pack" resort, the Sahara was the setting for the original "Ocean's Eleven" film.

SBE Entertainment Hotels in Las Vegas
Hotel	Opened	Rooms
Sahara	1952	1,720
Total		1,720

SBE Hotel Group

A subsidiary of SBE Entertainment. Manages the Sahara.

SBE Restaurant and Nightlife Group

A subsidiary of SBE Entertainment. Manages food and beverage operations of the Sahara.

Joe H. Scott, Sr.

Developed and owns Summer Bay Resort, an RCI resort.

Seminole Tribe

Owns about 40 acres on the Strip opposite Mandalay Bay. In 2006, the tribe bought, for nearly $1 billion, the Hard Rock restaurant chain with more than 120 restaurants and some hotels (but not the Las Vegas hotel, that is owned by Morgans). Operates seven casinos in Florida.

Ray Shapiro

In 2006, proposed R Resort — a 1,500-room hotel and 720-room condo tower on the south Strip at St. Rose Parkway. A minority partner in M Resorts which is building The M Resort.

Shell Vacations Club

Shell Vacations Club at Desert Rose, with/by RCI.

S.I. Enterprises, LLC

An operating company of Japanese father-and-son Sukeaki and Toyoruko Izumi, who owned the San Remo. S.I. is a part owner of Hooter's Casino Hotel (696 rooms, 2006), along with individual investors and Hooters of America, Inc..

The Siegel Group Nevada, Inc.

Owned by Stephen Siegel | siegelcompanies.com

4/14/10: Announced Rumor, a 150-suite hotel on Harmon opposite the Hard Rock (on the former site of the St. Tropez). Rumor would be one of five small hotels known as Boutique Chic Retreats:

• Rumor (150 suites, opening June 2010). Formerly the St. Tropez, opposite the Hard Rock Hotel & Casino. Bought in 2009.
• The Artisan (64 rooms), bought in 2010 via affiliate Garrett Capital LLC. Non-gaming boutique hotel with an atmosphere compared to 1914 Montmartre
• Gold Spike Hotel & Casino (112 rooms) downtown Las Vegas, originally opened in 1976 as the Rendezvous. Bought in Feb 2008 for $21 million as a 50-50 venture with John Tippins of Tippins Holding
• Oasis at Gold Spike (58 rooms). Bought in August 2007 for $5 million as the Travel Inn on Las Vegas Blvd and connected to the original Gold Spike Hotel via an outdoor lounge and walkway.
• The Resort on Mount Charleston (64 rooms, built in the 1980s), in the mountains of the Toiyabe National Forest. Bought as Mt. Charleston Hotel from Great American Capital of Las Vegas, which acquired the hotel and nearly six acres of property in 2004 for $4 million.

Based in California and owned by Stephen Siegel, The Siegel Group Nevada is a commercial real estate and business development firm. Since 2007, Siegel has bought 11 extended stay hotels and apartment complexes, converting them into a chain of "flexible stay apartments" called Siegel Suites. The Suites are operated by affiliate company SASCO Properties.

Stephen Siegel started by buying and reselling used cars. He bought his first apartment house in 2001, in North Hollywood. His first foray into Las Vegas was in 2003.

"One day, I found a 132-unit building in Las Vegas on the Internet. It was in a real rough neighborhood, but the location was great because it was attached to the Las Vegas Convention Center. I parked across the street from the building and stared at it, visualizing what I could do to improve it. The building was full of drug dealers and prostitutes. I went inside to do an inspection and some police officers were there. They said I would never be able to clean it up. Everyone said I was crazy. That was my trigger. If someone tells me I can't do it, I'm doing it. I bought the building for $6 million."
— Inc magazine.

Purchased in 2007:

• Siegel Suites Cambridge (230 rooms) for $14.75, as The Falls Apartments.
• Siegel Suite Twain.
• Siegel Suites Tropicana (225 rooms, 2003) for $20 million, as Emerald Suites Tropicana.
• Siegel Suites Boulder II (186 rooms) for $15 million, as Super Suites (may add 500 more).
• Siegel Plaza, a retail shopping center near the Hard Rock, as Garadelli Square.
• Siegel Suites Twain (186 rooms) bought for $13.75 million as Coliseum Villas Apartments.

Purchased in 2008:

• The Gold Spike Hotel & Casino (112 rooms). Bought (with John Tippins) for $21 million from Gregg Covin. Will be combined with the Travel Inn (58 rooms) that Siegel and Tippins bought in 2007 for $5 million.
• The Resort on Mount Charleston. Bought the 64-room Mount Charleston Hotel on Dec 10, 2008. 50% with Great American Capital (GAC).
• Mark Twain apartments (228 rooms), bought in March 2008 for $14 million as the Mark Twain Apartments.
• Siegel Suites Las Vegas Blvd. (137 rooms), formerly Casa Palms Apartments
• Deer Creek apartments (330 rooms), acquired out of bankruptcy for $19.1 million.
• Siegel Slots and Suites (179 room), bought for $12.6 million via Barcelona Holdings LLC as Barcelona Las Vegas

Purchased in 2009:

• 9/1/09: St. Tropez, 150 rooms on 4 acres opposite the Hard Rock. $10.5 million. From Tarsadia Hotels of California.

Purchased in 2010:

• 1/20/10: Artisan Hotel (64 rooms), via affiliate Garrett Capital LLC.

Siegel Group Hotels in Las Vegas as Boutique Chic Retreats
Hotel	Formerly	Opened	Rooms
Rumor	St. Tropez		150
Artisan	(same name)		64
Gold Spike Hotel & Casino (50% with Tippins	(same name)	1976	112
Oasis at Gold Spike	Travel Inn		58
Resort on Mount Charleston	Mt. Charleston Hotel		64
Total		448

Siegel Suites Flexible-Stay Apartments in Las Vegas
Property	Opened	Rooms
Siegel Suites Bonanza	?	141
Siegel Suites Boulder	?	211
Siegel Suites Boulder II	?	186
Siegel Suites Cambridge	?	230
Siegel Suites Checkmate	?	52
Siegel Suites Craig	?	125
Siegel Suites Paradise	?	125
Siegel Suites Sahara	?	121
Siegel Suites St. Louis.	?	92
Siegel Suites Tropicana	2003	225
Siegel Suites Twain	?	186
Total		1,694

Thanks to Michael Crandall, Director of Business Affairs for The Siegel Group, for this information.

Notes: The Gold Spike originally opened in 1976 as the Rendezvous and was once owned by Las Vegas legend Jackie Gaughan. Went from Tamares to Gregg Covin.

Robert F.X. Sillerman

Founder and chairman of CKX and FXRE which has proposed The Elvis Las Vegas.

His company owns branding rights to "American Idol" TV show and Elvis Presley.

Simon Property Group, Inc.

Hotels: 0; Rooms: 0

NYSE: SPG | simon.com | Hoover's profile

Owns and operates The Forum Shoppes at Caesars. Simon Property Group is the country's largest owner of shopping malls and one of the nation's largest publicly-traded Real Estate Investment Trusts (REIT). Based in Indianapolis, Indiana, the company is controlled by the Simon family: Melvin, Herbert and David.

South Point

See Michael Gaughan.

Speakeasy Gaming of Fremont, Inc.

A subsidiary of MTR Gaming Group, Inc. which owns Binion's and the Ramada Inn Speedway.

Spectrum Group Management LLC

Through Canpartners, owns the Greek Isles (202 rooms) with Canyon Partners.

Spectrum Group Management LLC is a multi-strategy asset management firm focused on distressed credit markets, secured lending and special situations. Spectrum was founded in 1999 and is headquartered in New York City.

Starwood Capital Group Global, LLC

Controlled by Barry Sternlicht (chairman and CEO).

Private | starwoodcapital.com Made a bid to own part of the Riviera Hotel and Casino (2,700 rooms, opened in 1955).

Founded in 1991, Starwood Capital is a privately-held investment management firm that specializes in real estate developments. Barry Sternlicht is Chairman and CEO, a position he held at Starwood Hotels from 1994 to 2004. Sternlicht is still chairman emeritus of Starwood Hotels.

In 2006, Starwood Capital acquired 50% (with Lehman Brothers) of Le Méridien Hotels and Resorts (Starwood Hotels will manage Le Méridien), a controlling interest (with Intrawest) in Mammoth Mountain Ski Area, and a controlling interest in Groupe Taittinger and Société du Louvre, Europe's second-largest hotel network and owner of Crillon. A Crillon hotel for Las Vegas has been discussed.

Starwood Hotels & Resorts Worldwide, Inc.

Hotels: 3; Rooms owned: about 385. Rooms licensed: 3,508

NYSE: HOT | starwood.com | Hoovers profile

Starwood Hotels and Resorts Worldwide, Inc. is based in White Plains, NY. Starwood has about 860 properties and their upscale brands include: Four Points, Le Méridien (owned by Starwood Capital and Lehman Brothers), Sheraton, St. Regis, W, and Westin.

In 1998, Starwood bought Caesars Palace and the Desert Inn. Starwood sold Caesars to Park Place (Hilton) in 1999 and the Desert Inn to Steve Wynn in 2000. Starwood (through OpBiz) owns part owns Planet Hollywood (bought the Aladdin out of bankruptcy with two other companies in 2003), and manages but does not own the Westin Casuarina (Westin is a division of Starwood).

St. Regis

As of 9/4/08, will develop and operate a condo tower by the Venetian Las Vegas Sands) called The St. Regis Residences at the Venetian Palazzo, Las Vegas.

W

A W Las Vegas was originally proposed with 4,000 condo-hotel rooms on Harmon Avenue. But Starwood reportedly pulled out leaving majority partner Edge Group to cancel the project in 2007. As of March 2008, may partner with Related Companies to rescue The Cosmopolitan project and make the hotel a W.

Westate

Starwood owns (along with the Edge Group and Boulevard Invest) a 63-acre parcel (bought in 2006) opposite Mandalay Bay, west of I-15 and north of Russell Road, known as "Weststate." Two or three Starwood hotels may be built there.

Macao

Starwood is heading a large two-hotel project in Macau. The Sheraton Macao will have around 4,000 rooms in two towers, opening in 2009 and 2010. Opening in 2010, the St. Regis Hotel & Residences Macao will offer around 460 hotel rooms plus 429 residential units. Situated on The Cotai Strip, a landfill area with 10 hotels and 20,000 rooms, developed by Las Vegas Sands Corp.

Starwood was founded in 1994 by real estate entrepreneur Barry Sternlicht. In 1998, Starwood acquired ITT (Sheraton). In 2004, Sternlicht left Starwood Hotels & Resorts Worldwide Inc. to work for Starwood Capital Group, a separate company.

Starwood Hotels in Las Vegas
Hotel	Opened	Rooms	Owned with
Element	2008	125	LaPour Partners
Planet Hollywood	2000 rebranded 2006	2,567	Planet Hollywood Int'l and Bay Harbor (85%)
W (Cosmopolitan)	?	?	Related Companies
Westin Casuarina	1979 remodeled 2003	816	Columbia Sussex (100%)
Weststate Project	Future	?	Edge Group and Boulevard Invest
Total		3,508

Station Casinos, Inc.

Hotels: 11; Rooms: 5,716

Led by President Lorenzo Fertitta and CEO Frank Fertitta III
stationcasinos.com | Hoovers profile

Station is a "locals" chain of casino-hotels, based in Las Vegas, which is currently in bankruptcy.

Bankruptcy Reorganization

The holding company filed for bankruptcy on 7/29/09 due to debt from a management-led buyout 21 months prior. The company's leaders — the Fertitta brothers Frank and Lorenzo (the founder's sons) and Colony Capital — have proposed (as of 4/19/10) creating two or three groups of properties:

• PropCo

  Consists of: Red Rock Resort, Sunset Station, Boulder Station and Palace Station, plus land from the defunct Wild Wild West. The Fertitta brothers and Colony Capital would pay $85 million for a 50% ownership in the company, which would assume $1.6 billion in mortgage debt.

• OpCo

  Includes: Santa Fe Station, Texas Station, Fiesta Henderson, Fiesta Rancho and Indian gaming projects. This would be put up for auction but Fertitta and Colony would make a minimum "stalking horse" bid. Boyd Gaming Corp. has said that it is "interested in acquiring Station assets."

• Greenspun

  Includes: Green Valley Ranch (2001) and Aliante Station (2008, 202 rooms). No news yet of what will happen to these properties which are 50% owned by the Greenspun family (through Brian Greenspun's real estate development subsidiary of The Greenspun Corp., American Nevada Co.). Stations Casinos also has a 6.7% interest in a joint venture that owns The Palms Hotel and Casino.

Timeline/History

1976: Station Casinos is founded by Frank Fertitta, Jr. with the creation of a gambling hall which is now Palace Station. His sons, Frank and Lorenzo Fertitta, retain control, along with their sister Delise Sartini and her husband Blake Sartini (CEO of Golden Gaming).

1993: The company goes public.

2001: Buys the Fiesta Rancho for $185 from George Maloof, and Fiesta Henderson for $70 million from Ameristar Casinos.

2007 (Nov): The company goes private again, with a management-led buyout for $5.4 billion. The Fertitta brothers get a 24.9% stake and the remaining 74.9% goes to Tom Barrack's Colony Capital (through subsidiary Colony Capital Acquisitions LLC).

2008 (Feb): Crown LTD announces that it has bought a 4.9% stake in Station Casinos for $242 million.

2008: Station Casinos announces Viva, the largest private development at $10+ billion. 5,200 rooms in three hotels on 110 acres west of CityCenter. (The land cost $335 million over a ten-year buying period.) Nothing has happened.

2009 (Jul): Weighed down by debt from the buyout, Station Casinos declares bankruptcy.

12/11/09: Wild Wild West Gambling Hall is renamed as a Days Inn. I guess the West is no longer wild.

Station Casinos Hotels in Las Vegas
Hotel	Opened	Rooms
Aliante Station 50% with American Nevada (Greenspun	2008	202
Boulder/Nellis Project	2012?	?
Boulder/Tropicana Project	2012?	?
Boulder Station	1994	300
Durango Station	?	400+600
Fiesta Henderson	1998	224
Fiesta Rancho	1994	100
Green Valley Ranch 50% with American Nevada (Greenspun	2001	497
Palace Station	1991 (ren 1996)	1,028
Red Rock Station	2006	815
Santa Fe Station	1997	200
Summerlin South Project	2010	?
Sunset Station	1997	457
Texas Station	1995	200
Days Inn (fm. Wild Wild West)	1997	260
Total		5,714

Note: Wild Wild West (1997, 260 rooms) was renamed as a Days Inn in 2010.

The Fiesta Rancho was bought in 2001 for $185 from George Maloof. The Fiesta Henderson was also bought in 2001 for $70 million from Ameristar Casinos.

Stockbridge Real Estate Partners, LLC

Hotels: 1; Rooms: 1720
Managing Partner: Terry Fancher | sbfund.com

Through Stockbridge Real Estate Funds, owns the Sahara (1952, 1720 rooms), with partner SBE Entertainment. Founded in 1994 and basedin San Mateo, CA, Stockbridge operates real estate investment funds.

The Sahara opened in 1952 and was bought by Bill Bennett (part creator of Circus Circus, Excalibur and Luxor) in 1995. Bill died in 2002 and his wife, Lynn Bennet, died in 2006, leaving the Sahara to their son, William Gordon, operating as Gordon Gaming Corporation. In March 2007, Gordon Gaming agreed to sell the Sahara to SBE and Stockbridge for an undisclosed sum. The last remaining "Rat Pack" resort, the Sahara was the setting for the original "Ocean's Eleven" film.

Stockbridge Hotels in Las Vegas
Hotel	Opened	Rooms
Sahara	1952	1,720
Total		1,720

SummerGate, Inc.

See TLC Casino Enterprises, Inc.

Next: T

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