Sam Nazarian, whose SBE hospitality group owns the SLS Las Vegas and manages 23 hotels and residences in nine markets, announced that he is in discussions to merge restaurant and nightlife operator Hakkasan Group into SBE.
“SBE, the leading lifestyle hospitality company that develops, manages and operates award-winning hospitality venues globally, is in advanced discussions to merge Hakkasan Group into the SBE family,” Nazarian, who opened the SLS Las Vegas casino resort at the north Strip site of the former Sahara in 2014, said in a statement.
“SBE would welcome Hakkasan’s global portfolio of prestigious restaurants and best in class nightlife assets into SBE’s international platform of lifestyle hospitality and entertainment assets to create the most dynamic hospitality, residential, restaurant and entertainment company in the industry.
“As currently contemplated, SBE would welcome Hakkasan’s global portfolio of prestigious restaurants and best-in-class nightlife assets into SBE’s international platform of lifestyle hospitality and entertainment assets to create the most dynamic hospitality, residential, restaurant and entertainment company in the industry.
“The merger is expected to close within 60 days.”
A spokesman for SBE stated, “Through exclusive partnerships with cultural visionaries, SBE is devoted to creating extraordinary experiences throughout its proprietary brands with a commitment to authenticity, sophistication, mastery and innovation.
“Following the acquisition of Morgans Hotel Group, the pioneer of boutique lifestyle hotels, SBE has an unparalleled global portfolio featuring 23 world-class lifestyle hotel properties in nine attractive gateway markets and more than 136 global, world-renowned hotel, entertainment and food and beverage outlets.
“The company is uniquely positioned to offer a complete lifestyle experience—from nightlife, food and beverage and entertainment to hotels and residences, and through its innovative customer loyalty and rewards program, The Code, as well as its award-winning international real estate development subsidiary, Dakota Development—all of which solidify SBE as the preeminent leader across hospitality.
“SBE will continue its expansion with 13 hotel properties opening in the next two years (some with residences), including SLS Park Avenue, SLS Seattle, Mondrian Doha and Mondrian Dubai. The company’s established and upcoming hotel brands include SLS Hotel & Residences, Delano, Mondrian, Redbury, Hyde Hotel & Residences, Clift, Hudson, Morgans, Royalton, Sanderson and St. Martins Lane.”
