Australia-based Crown Resorts Ltd. has acquired a 20% stake in Nobu Hospitality and Restaurant Group for an undisclosed price.

Crown Resorts operates hotel-casinos in Melbourne and Perth. The company also owns a third of Melco Crown Entertainment, owner and operator of City of Dreams resort-casino complexes in manila and Macau. 

Nobu Hospitality is headed by Japanese chef Nobu Matsuhisa and its investors include actor Robert DeNiro. The company operates 33 restaurants and opened its first hotel inside of the Caesars Palace Las Vegas in 2013. A Nobu hotel is slated to open within the Eden Roc Miami Beach by the end of the year.


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