Home>702Times>Hard Rock Completes Its $1 Billion Purchase of the Mirage on the Las Vegas Strip

Hard Rock Completes Its $1 Billion Purchase of the Mirage on the Las Vegas Strip

By TheNevadaGlobeStaff, December 19, 2022 11:03 am

LAS VEGAS, Nev. (702 Times, NV Globe) – Hard Rock International has completed its purchase of the Las Vegas Strip’s Mirage.

According to a news release, Hard Rock on Friday gained regulatory permission from the Nevada Gaming Commission to buy The Mirage Hotel & Casino from MGM Resorts International.

Following the clearance, Hard Rock gained operations management of the Mirage as of 6 a.m. The release date is Monday, December 19.

Hard Rock paid $1.075 billion in cash for The Mirage Hotel & Casino’s operational assets as part of the purchase.

Hard Rock unveils fresh images of guitar-shaped hotel planned for Las Vegas Strip
According to the statement, Hard Rock has agreed into a long-term leasing arrangement with VICI Properties Inc. for The Mirage’s real estate site.

The 3,044-room facility “will continue to operate as The Mirage Hotel & Casino until the refurbishment and rebranding of the property to the Hard Rock Hotel & Casino Las Vegas is complete,” according to Hard Rock International.

As part of the modifications, which Hard Rock claims would “dramatically rethink every facet of the resort,” the company wants to build a guitar-shaped hotel tower on Las Vegas Boulevard adjacent to the site.

Credits: Fox 5 Vegas

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