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.