Hard Rock International (HRI) has announced plans to acquire operations of the Mirage Hotel and Casino in Las Vegas from MGM Resorts International. Through the $1.075 billion acquisition, Hard Rock will develop a guitar-shaped hotel on the Las Vegas Strip. The deal will also include a long-term lease agreement with VICI Properties Inc. for the real estate property of the Mirage.

“We are honored to welcome the Mirage’s 3,500 team members to the Hard Rock family,” Hard Rock International chairman Jim Allen said in a statement. “When complete, Hard Rock Las Vegas will be a fully integrated resort welcoming meetings, groups, tourists, and casino guests from around the world to its nearly 80-acre center-Strip location.”

(Prior to 2020, HRI had no previous involvement with the Hard Rock Hotel & Casino in Las Vegas.)

More from HD:
The Cosmopolitan of Las Vegas Sells for $5.56 Billion
4 New Must-See Destinations in Las Vegas
Rosewood CEO Sonia Cheng on the Evolution of Luxury

The post Hard Rock Buys the Mirage for $1.075 Billion appeared first on Hospitality Design.

hotelierindo

Hotelierindo

Established 2006 in Dubai ,Hotelier Indonesia covers hotel management companies and every major chain headquarters. Hotelier Indonesia reaches hotel owners, senior management, operators, chef and other staff who influence, designers, architects, buyers and suppliers for hospitality products and services . We more unique than any other hotel publication in the world / WA : +6281219781196