In May 2017, it was announced that Reno businessman Alex Meruelo and his company, Meruelo Group, would purchase the SLS Las Vegas from Stockbridge.
The sale was initially expected to be finalized later that year, although continued price negotiations between Meruelo and Stockbridge pushed back the completion of the purchase.
Following the announcement of the sale, the SLS renamed its rewards program from "The Code" to "Club 52", referencing the resort's initial opening in 1952.
The "SLS" name was not popular among gamblers, and there were rumors that the resort would revert to its "Sahara" name once Meruelo took over ownership.
At the time, the casino measured 50,662 sq ft (4,706.7 m²), excluding an 1,800 sq ft (170 m²) sports book.
Downey and Schaffhauser stepped down from their positions in July 2017.
Such departures were common during an ownership transition.

At the end of 2017, a lawsuit was filed by 60 Chinese residents who had invested in the SLS through the EB-5 program.
The suit was filed against Stockbridge, SBE, and Meruelo.
The investors had yet to receive a green card through the program, and they alleged that the resort had never made a profit.
They sought $255 million in damages and other costs, and stated that Meruelo's purchase would nullify their chances at getting a green card.
Meruelo negotiated with the investors regarding their loan money, which was due back in 2018 and 2019.
The dispute further delayed the sale to Meruelo.

In February 2018, the Culinary Workers Union was in a labor dispute with Meruelo regarding his employees at the Grand Sierra Resort in Reno, Nevada.
The union subsequently called for a state investigation into Meruelo's impending purchase of the SLS Las Vegas, citing concerns about his suitability to own and operate the resort.
The union also cited objections from the EB-5 investors regarding the proposed sale.
Meruelo Group completed its purchase of the SLS in April 2018.
At the time, the SLS employed 1,800 people.

Alex Meruelo had plans for a $100 million renovation of the resort, and he was also expected to rebrand it in 2019.
Observers speculated that the resort would revive the Sahara name, and renovation plans used a "working name" of "Grand Sahara Resort", mirroring the Grand Sierra Resort.
Paul Hobson was hired as general manager and would oversee the renovations.
Meruelo considered the Hispanic clientele in Las Vegas underserved, and stated that it would be among the target demographics for the resort under his ownership.
Meruelo owned two television and three radio stations in California, which he would use to promote the SLS.

In August 2018, the SLS ended its relationship with Starwood, and the W Las Vegas was renamed as the Grand Tower and brought back under in-house management, as part of Meruelo's plans for the resort.
At the time, the SLS had a total of 1,616 rooms.
Meruelo's $100 million renovation began in October 2018, and included upgrades to the hotel's rooms, hallways, and lobby.
Meruelo had the casino floor brightened, as he considered it too dark.
The Story tower was updated to remove its basic design in favor of a more conventional appearance, as most guests did not like the earlier design.
Meruelo's construction firm handled the upgrades.
The SLS became profitable near the end of 2018, and there was optimism that the resort would continue to improve in the coming years with the scheduled resort openings of The Drew and Resorts World, as well as an expansion of the Las Vegas Convention Center.
In May 2017, it was announced that Reno businessman Alex Meruelo and his company, Meruelo Group, would purchase the SLS Las Vegas from Stockbridge. The sale was initially expected to be finalized later that year, although continued price negotiations between Meruelo and Stockbridge pushed back the completion of the purchase. Following the announcement of the sale, the SLS renamed its rewards program from "The Code" to "Club 52", referencing the resort's initial opening in 1952. The "SLS" name was not popular among gamblers, and there were rumors that the resort would revert to its "Sahara" name once Meruelo took over ownership. At the time, the casino measured 50,662 sq ft (4,706.7 m²), excluding an 1,800 sq ft (170 m²) sports book. Downey and Schaffhauser stepped down from their positions in July 2017. Such departures were common during an ownership transition.
At the end of 2017, a lawsuit was filed by 60 Chinese residents who had invested in the SLS through the EB-5 program. The suit was filed against Stockbridge, SBE, and Meruelo. The investors had yet to receive a green card through the program, and they alleged that the resort had never made a profit. They sought $255 million in damages and other costs, and stated that Meruelo's purchase would nullify their chances at getting a green card. Meruelo negotiated with the investors regarding their loan money, which was due back in 2018 and 2019. The dispute further delayed the sale to Meruelo.
In February 2018, the Culinary Workers Union was in a labor dispute with Meruelo regarding his employees at the Grand Sierra Resort in Reno, Nevada. The union subsequently called for a state investigation into Meruelo's impending purchase of the SLS Las Vegas, citing concerns about his suitability to own and operate the resort. The union also cited objections from the EB-5 investors regarding the proposed sale. Meruelo Group completed its purchase of the SLS in April 2018. At the time, the SLS employed 1,800 people.
Alex Meruelo had plans for a $100 million renovation of the resort, and he was also expected to rebrand it in 2019. Observers speculated that the resort would revive the Sahara name, and renovation plans used a "working name" of "Grand Sahara Resort", mirroring the Grand Sierra Resort. Paul Hobson was hired as general manager and would oversee the renovations. Meruelo considered the Hispanic clientele in Las Vegas underserved, and stated that it would be among the target demographics for the resort under his ownership. Meruelo owned two television and three radio stations in California, which he would use to promote the SLS.
In August 2018, the SLS ended its relationship with Starwood, and the W Las Vegas was renamed as the Grand Tower and brought back under in-house management, as part of Meruelo's plans for the resort. At the time, the SLS had a total of 1,616 rooms. Meruelo's $100 million renovation began in October 2018, and included upgrades to the hotel's rooms, hallways, and lobby. Meruelo had the casino floor brightened, as he considered it too dark. The Story tower was updated to remove its basic design in favor of a more conventional appearance, as most guests did not like the earlier design. Meruelo's construction firm handled the upgrades. The SLS became profitable near the end of 2018, and there was optimism that the resort would continue to improve in the coming years with the scheduled resort openings of The Drew and Resorts World, as well as an expansion of the Las Vegas Convention Center.
Sahara Las Vegas