If you’re into red-roped nightclubs and Cucumber Melon Margaritas, you’re probably familiar with Sam Nazarian’s magic touch. He’s already arguably the West Coast’s most powerful nightclub operator and he’s expanding his empire. Nazarian’s Los Angeles based hospitality group SBE owns hipster hangouts like Hyde Lounge, the Bazaar, Gladstone’s and the Redbury and SLS hotels. Now, Nazarian has gulped up the privately held Syndicate Hospitality, nearly doubling SBE’s night-life holdings. Despite these recessionary times, Nazarian projects his company will rake in $150-million in food and beverage revenue this year. In 2007, SBE acquired Las Vegas’ once-glamorous casino hotel, The Sahara. On Monday, the slots fell silent and the doors were closed to the public. Nazarian has declined to discuss his plans for the property, but promises to be back. Today, the King of Hospitality joins the King of Radio to talk about all that is hip. What’s behind Nazarian’s magic touch? What new hot spots can Angelenos expect?
Sam Nazarian, Founder and CEO of SBE, a hospitality, real estate and entertainment company based in Southern California