Nick Lachey (left) and Wilmer Valderrama
09/11/2007 AT 03:25 PM EDT
Move over, Jamie Oliver, Rachael Ray and Gordon Ramsay: Nick Lachey
, Nicky Hilton and Wilmer Valderrama are also jumping into the kitchen.
"We're doing a restaurant in [Las] Vegas, called The Company, in the Luxor hotel," Valderrama, 27, told PEOPLE at Monday's John Varvatos show for New York's Fashion Week.
"It's a steak house," added the actor. "Really great. It's going to be really special for Vegas, a different flavor."
By that, Valderrama says he is referring to the "architecture, the chef, the vibe of the restaurant. There's a lot of great restaurants in Vegas, but this is exciting because it's a different branding, kind of next generation type things."
As for partnering with Lachey, 33, and Hilton, 23, he says, "Nick and I started talking about doing some stuff together, and Nicky's always been really sweet. Then we started talking to ... PURE [nightclub] management, and they gave me the opportunity to be part of this one."
The eatery is set to open "in a couple of months," says Valderrama, whose other current activities include "my clothing line, Calavena [which is] in Saks right now."
In terms of his screen career, "I just finished two films, one called Columbus Day
, with Val Kilmer, and the other, called Days of Wrath
, with Laurence Fishburne," he says.
And his love life? Admits the former squeeze of Mandy Moore
and Lindsay Lohan
: "No, no. I'm too busy, and if there was, I'm sure you would have heard about it right away."