Hard Rock has acquired one of Las Vegas’ iconic hotels, the Mirage Hotel and Casino. The price of the deal is 1.08 billion USD. “We opened the hotel in 1989 and we know firsthand how special it is and what an incredible opportunity for development it offers new owners,” said Bill Hoppenbuckle, CEO of MGM Resort International.
The sale is expected to be finalized in the second half of 2022. Net cash inflows for MGM Reѕorѕ International will be $ 815 million after taxes and fees withheld. The company will provide the name and the Mirage card to Nard Rosk free of charge for a period of up to 3 years, until it finalizes its plans for rebranding.
Hard Rock’s long-term plans are on the site of 32.4 hectares of land to build a new hotel in the form of a guitar. “We look forward to strengthening our presence in Las Vegas. It will always remain an iconic entertainment market worldwide, “added Jim Allen, CEO of Nard Rosk.
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