News in brief: Sahara, Palms, von Essen

Sahara to be renovated, reopen:  SBE Entertainment and Stockbridge Real Estate Funds announced plans to renovate and reopen the Sahara Hotel and Casino in Las Vegas, which closed earlier this year.

Read more at the Las Vegas Sun


Nevada says sell Palms:  The Nevada Gaming Control Board recommended on Wednesday that the majority stake in the Palms Casino Resort be sold to Leonard Green & Partners and TPG Capital, who have already purchased the property’s US$459 million outstanding debt.

Read more at the Las Vegas Review-Journal


Former von Essen hotel sells:  The Eden Hotel Collection, owned by Sir Peter Rigby, has bought a former von Essen property, the 17-room Greenway Spa Hotel, Cheltenham, England.

Read more at Big Hospitality


Equity invests $75 million in Samhi:  Equity International has closed a US$75 million investment in the Indian hotel development company Samhi.

Read more at The Economic Times