“We view this as a healthy price, well above the roughly $600 million we had expected,” Wells Fargo gaming analyst Daniel Politzer said in a research note Monday. The Mirage was the first new Strip resort in 15 years when it was opened by Steve Wynn in 1989, kicking off a building boom in Las Vegas that lasted several decades. The announcement comes a little more than a month after MGM Resorts International said it wanted to sell the operations of the hotel-casino. The transaction will require approval from Nevada gaming regulators. A time frame for the development and information about the expansion was not provided. 'When complete, Hard Rock Las Vegas will be a fully integrated resort welcoming meetings, groups, tourists and casino guests from around the world,” Hard Rock CEO Jim Allen said in a statement.Īllen, who is also chairman of Seminole Gaming, was unavailable for an interview Monday.

The company, which is owned by Florida’s Seminole Indian Tribe, said it would build a guitar-shaped hotel tower at the front of the 77-acre site along the Las Vegas Strip, while the entire property will be renamed Hard Rock Las Vegas. Contact her at Follow on X.One of the Las Vegas Strip’s most iconic properties will soon change ownership after Hard Rock International announced Monday plans to pay $1.075 billion to acquire the operations of The Mirage from MGM Resorts International. McKenna Ross is a corps member with Report for America, a national service program that places journalists into local newsrooms. “There will also be amenities to include a pool, spa, fitness center and salon as well as other amenities,” developers said.Ī representative for Hard Rock Hotel Las Vegas declined to share any upcoming plans for the property’s redevelopment. Planning documents show the high-rise, guitar-shaped hotel tower will go atop where The Mirage’s volcano currently stands. Once complete, the resort is expected to have 600 hotel rooms, 48,000 square feet of gaming area and 96,000 square feet of retail and restaurants at ground level, according to planning documents. The Clark County Zoning Commission on Tuesday authorized a routine step that prepares The Mirage’s owners, Hard Rock International, for construction development.

(Hard Rock Hotel)Ĭlark County officials approved a step that will bring The Mirage one step closer to becoming the Hard Rock Hotel Las Vegas. Planning documents show The Mirage's transformation into the Hard Rock Hotel Las Vegas.

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