MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it has closed on the sale of the operations of The Mirage Hotel & Casino ("The Mirage") to Hard Rock International ("Hard Rock") for $1.075 billion in cash.
Blackstone Real Estate Income Trust, Inc. (“BREIT”) and VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt. The property-level debt has a principal balance of $3.0 billion, matures in 2032, and bears interest at a fixed rate of 3.558% per annum through March 2030.
With 25 years of global hospitality experience, Stutz spent more than a decade with Hilton Hotels & Resorts and more than 13 years with The Ritz-Carlton Hotel Company, where he worked at both domestic and international properties in Germany, Dubai, Jamaica, Egypt, Miami and Atlanta. Most recently, Stutz served as hotel manager of The Hilton New Orleans Riverside and resident manager of The Roosevelt New Orleans, A Waldorf Astoria Hotel where he was part of the leadership team who led the property to numerous accolades, including two consecutive Hotel of the Year awards, a prestigious Connie Award, and Food and Beverage Division of the Year. In 2018, as the Interim General Manager, Stutz also led the successful transition of the Mandarin Oriental Atlanta to the Waldorf Astoria Atlanta Buckhead Hotel.
Stonebridge Cos., a privately owned, nationally recognized, innovative hotel owner, operator and developer headquartered in Denver, acquired the DoubleTree by Hilton Hotel Las Vegas Airport, marking Stonebridge’s expansion into the Las Vegas market.
Opened in 1941, the iconic El Cortez Hotel & Casino has maintained its vintage charm with original hotel rooms located above the casino floor, only accessible by a wooden staircase. Today, the Downtown Las Vegas landmark—and the only casino listed on the National Register of Historic Places—announces the completed renovation of these 47 rooms, dubbed the Original 47. The final piece of the hotel's $28 million property renovation that began in 2020, this $3 million refresh elevates the guest experience with modern conveniences while still preserving the vintage appeal that visitors have come to expect from the city's longest continuously running hotel and casino.
New York-New York launched a $63 million room remodel project this week of its 1,830 rooms and 155 of its suites. When completed in the summer of 2023, the accommodations will feature vibrant new designs and upgraded in-room amenities that will appeal to travelers from around the world.
BirchStreet Systems, the market leader in P2P software for the hospitality industry, announces the addition of Aaron Smith as Account Executive. Smith brings with him experience in the hospitality industry focused on enterprise software.
Joe Lupo has been named President of the future Hard Rock Hotel & Casino Las Vegas, subject to regulatory approval of Hard Rock International's previously announced plans to purchase The Mirage Hotel & Casino from MGM Resorts International. Lupo will take over the role once the Nevada Gaming Commission licensing process has concluded. An Ohio native, Lupo has more than three decades of casino gaming experience. He was named President of Hard Rock Hotel & Casino Atlantic City in November 2018, after spending two successful years at Seminole Hard Rock Hotel & Casino Tampa.
The American Hotel & Lodging Association (AHLA) and Questex today announced a collaboration to launch “The Hospitality Show” (“The Show”), an innovative new hospitality event to be held June 27-29, 2023 at The Venetian Las Vegas.
In Celebration of its 25th Anniversary, Silverton is Creating a New Boutique Hotel Experience.
eveloped by Shopoff Realty Investments and Contour, in partnership with Dream Hotel Group, Dream Las Vegas will be a driving force in the ongoing revitalization and rejuvenation of the south end of the Las Vegas Strip. The 531-room lifestyle hotel and casino pairs global architecture firm DLR Group with interior design by AvroKo, Rockwell Group and DLR Interiors, and is expected to open with seven experiential dining and nightlife venues, 12,000 square feet of meeting and event space and a 20,000-square-foot casino, in late 2024.
By equipping Resorts World Las Vegas team members with real-time, accurate information, they are better equipped to solve problems and provide superior customer service; Visit Beekeeper at HITEC Orlando in Booth 2718 June 28 to 30 at the Orange County Convention Center.
SAHARA Las Vegas has partnered with Laasie to reimagine an exciting new kind of guest loyalty program, the SAHARA Insider Program. Leveraging Laasie’s signature Retain platform, a powerful membership program created to cultivate dynamic, one-to-one relationships with guests, SAHARA has effectively enhanced its existing player's program to usher in a new era of guest loyalty.
MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "company") today announced the closing of its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the "property" or "The Cosmopolitan") for cash consideration of $1.625 billion. With the closing of the transaction, The Cosmopolitan of Las Vegas officially joins MGM Resorts' roster of iconic brands along the Las Vegas Strip.
New Look Will Transform More Than 2,600 Guest Rooms - Todd-Avery Lenahan Leads The Resort's Largest And Most Extensive Design Evolution.
Embarking on its next era of growth and success, Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, is kicking off its 66th annual convention today in Las Vegas with more than 5,000 hotel owners, general managers and staff in attendance. Appropriately themed "GO," the three-day event will spotlight the countless stories of franchisee resilience and determination over the last few years, as well as the company's vision for the future of the business.
Palms Casino Resort Las Vegas has made its triumphant return and has officially re-opened the doors to one of Las Vegas' most iconic casino resort destinations. Wednesday's opening celebration began with a traditional Tribal ceremony led by the San Manuel Gaming and Hospitality Authority (SMGHA) Board and Palms General Manager Cynthia Kiser Murphey. The "Celebration of Community" continued throughout the day and evening with cocktails poolside and a fireworks extravaganza. Palms officially ushered in a new era at 9:00 p.m. PST, after the first dice were rolled. The property is now taking reservations for stays at www.palms.com.
Virgin Hotels Las Vegas, part of Curio Collection by Hilton, has added industry veteran Edd Karlan as Vice President of Sales & Services to the resort's Hilton leadership team.
Oak View Group (OVG), the global venue development, advisory, and investment company for the sports and live entertainment industry, today announced its vision to welcome a newly planned entertainment district including an arena in Las Vegas. Groundbreaking and construction for the estimated $3B point of destination entertainment district and arena are scheduled for 2023.
The English Hotel recently opened on February 22, 2022. Extremely passionate about his craft, celebrity chef Todd English has curated The English Hotel concept in the arts district of Las Vegas to invite visitors and locals alike into his creative world. Todd loves serving and entertaining others and creating an unmatched experience for his guests. Fully embracing the concept built around entertainment and hospitality, the Todd English experience goes beyond a great dinner and presents a completely one-of-a-kind, immersive experience. From the specially selected in-room cocktail carts to recipe cards featuring Todd English's personal favorites placed on your pillow at night, every element of the hotel is thoughtfully and carefully crafted to create a one-of-a-kind experience. Guests are invited to go behind the scenes with Todd and see what happens in the kitchen. With an expansive pool deck and evening restaurant-to-lounge transition, there is plenty of space for guests to enjoy continuous live entertainment throughout the day and night. The English Hotel is affiliated with Marriott's Tribute Portfolio brand, which allows the hotel concept to further engage with consumers by leveraging the power of Tribute's booking engine and brand loyalty.