Alex Meruelo, Meruelo Group agree to purchase SLS Las Vegas
Alex Meruelo and Meruelo Group, owners of the Grand Sierra Resort & Casino in Reno, have agreed to purchase SLS Las Vegas from Las Vegas Resort Holdings LLC.
Terms of the deal were not disclosed. The transaction is expected to be completed in the third quarter of 2017 subject to required approvals.
Nevada’s Airbnb host community welcomed roughly 321,800 guest arrivals and earned a combined $53.5 million in supplemental income from Memorial Day weekend through Labor Day weekend. The top five city destinations for guests to Nevada were, in order: Las Vegas, Incline Village, Stateline, Reno and North Las Vegas.