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Las Vegas’ Sahara Hotel Purchased

SBE Entertainment Group and Stockbridge Real Estate Funds acquired the famed Sahara Hotel & Casino, located on the Las Vegas Strip.

Discussions are in the works for a possible renovation and repositioning of the property.

The resort, which was the setting for the original “Ocean’s Eleven,” contains 1,781 guest rooms and more than 10,000 square feet of meeting space.