citycenter
CityCenter Holdings Closes on Sale of Mandarin Oriental Las Vegas
CityCenter | August 31, 2018
LAS VEGAS, Aug. 31, 2018 -- CityCenter Holdings, LLC ("CityCenter"), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp, today announced that it has closed on the sale of the Mandarin Oriental Las Vegas and adjacent retail parcels for $214 million in cash. CityCenter expects to use the proceeds from the sale to pay a dividend to its shareholders. "CityCenter has continued to deliver strong operating results and has cemented itself as a premier luxury destination in Las Vegas," said Jim Murren, Chairman and Chief Executive Officer of MGM Resorts International. "As a result...
CityCenter Holdings Enters Into Definitive Agreement to Sell the Mandarin Oriental Las Vegas for $214 Million
CityCenter | April 26, 2018
LAS VEGAS, April 26, 2018 -- CityCenter Holdings, LLC ("CityCenter"), a venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp, today announced that it has recently entered into a definitive agreement to sell the Mandarin Oriental Las Vegas (the "Hotel") and adjacent retail parcels for approximately $214 million in cash, subject to satisfactory completion of due diligence and customary closing conditions. The transaction is expected to close in the summer of 2018. The Hotel is located at the entryway of CityCenter and in the heart of the Las Vegas Strip featuring 392 guestrooms, inc...
