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MGM selling The Mirage operations for USD1 billion
MGM Resorts International is selling operations of The Mirage Hotel & Casino to Hard Rock International. The deal is worth $1.075 billion and is expected to provide about $815 million in net cash proceeds, MGM says.
It marks ‘the monetization of our entire real property portfolio’ Paul Salem, MGM’s chairman said. MGM has owned The Mirage for 21 years and put it up for sale last month.
Hard Rock says it plans to rebrand the property.
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Learn more about : MGM Resorts ( N. America ) MGM Resorts ( Asia Pecific ) MGM Resorts ( United Kingdom )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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