Las Vegas real estate is still selling. The Sahara hotel and casino has been sold. The deal has been brewing since March of this year. The new owners are SBE Entertainment Group LLC and Stockbridge Real Estate Fund.
As per the norm in Las Vegas, the new owners plan to renovate (gut and destroy) the grand old Sahara, destroying its great history. The building was featured in the original Ocean's Eleven film with Frank Sinatra and Dean Martin. Its one of the last surviving casinos from that era.
No word whether the planned condo hotels will go forward. The Sahara property is 55 years old.