Hard Rock completes acquisition of Mirage on Las Vegas Strip for more than $1B
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LAS VEGAS, Nev. (FOX5) - Hard Rock International has completed its acquisition of the Mirage on the Las Vegas Strip.
According to a news release, Hard Rock on Friday received regulatory approval from the Nevada Gaming Commission to acquire The Mirage Hotel & Casino from MGM Resorts International.
Following the approval, Hard Rock assumed operations control of the Mirage as of 6 a.m. Monday, Dec. 19, the release notes.
As part of the transaction, Hard Rock paid $1.075 billion in cash for the operating assets of The Mirage Hotel & Casino.
The release notes that Hard Rock entered into a long-term lease agreement with VICI Properties Inc. for the real estate property of The Mirage.
According to Hard Rock International, the 3,044-room property “will continue to operate as The Mirage Hotel & Casino until the renovation and rebranding of the property to the Hard Rock Hotel & Casino Las Vegas is complete.”
As part of the changes that Hard Rock says “will dramatically reimagine every aspect of the resort,” Hard Rock plans to add a guitar-shaped hotel tower adjacent to the property on Las Vegas Boulevard.
