Nazarian’s Hotel Venture Hits Hard Times
From the Wall Street Journal:
Nightclub Owner's Hotel Venture Slams Into Slump's Ugly Reality
Sam Nazarian is accustomed to success and fame. He operates some of Los Angeles' most popular nightspots, including such paparazzi-besieged watering holes as Area, MI-6 and Hyde Lounge. He has played himself on the cable-TV show "Entourage" and lives next door to actor Leonardo DiCaprio in Hollywood Hills. But a foray into high-end hotels has turned into a costly slog for the 34-year-old impresario amid the worst hotel market in decades. Click here for the complete story.
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