MGM will sell iconic Las Vegas Mirage Hotel in $1 billion deal

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Bailey Schulz, USA TODAY
Tue, December 14, 2021, 3:36 PM·9 min read

MGM will sell iconic Las Vegas Mirage Hotel in $1 billion deal

Hard Rock Hotel
A rendering of the Las Vegas Strip with a Guitar-shaped hotel planned by Hard Rock International.

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 Monday 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 told USA TODAY Tuesday. “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.” Read more…


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