MGM Resorts International has agreed to sell the Las Vegas Strip’s first megaresort, the Mirage, to Hard Rock International for nearly $1.1 billion in cash.
Hard Rock International is set to acquire the operations of the Mirage, subject to regulatory approvals and other customary closing conditions, according to a news release.
Hard Rock said it plans to build a 1,000-room guitar-shaped hotel on the Las Vegas Strip, but chairman Jim Allen would not confirm whether that means the company would demolish the Mirage or add new construction.
“I don’t think we have definitive plans at this point,” Allen said. “We’ll continue to work our designs, but certainly we’re committed at minimum to a 1,000-room guitar-shaped hotel and new low rise. … We’re just not commenting on the rest of the scope until we work through all those designs.”
Allen did say Hard Rock plans to offer a resort “at the upper echelon of (Las Vegas Strip) properties when it comes to just size and quality,” with more than 4,000 rooms. The property currently has 3,044 rooms and suites.
A rendering of the Las Vegas Strip with a Guitar-shaped hotel planned by Hard Rock International.
The company built another guitar-shaped hotel in Florida and plans to build similar structures in Barcelona, Mexico City, Nashville, and Japan, according to Allen. ♦
Courtesy: USA Today
