citycenter holdings, llc
Mandarin Oriental Hotel Group Receives Notice of Termination for Management of Mandarin Oriental, Las Vegas
Mandarin Oriental Hotel Group | May 14, 2018
14th May 2018 - Mandarin Oriental Hotel Group has received notice of termination of its management agreement for Mandarin Oriental, Las Vegas and will cease managing the hotel with effect from 30 August 2018. The termination is consequent to the sale of the hotel by CityCenter Holdings, LLC, a joint venture between MGM Resorts and Infinity World Development Corp. Mandarin Oriental launched the property in 2009 and established it as a market leader in the city. The hotel is one of only 13 properties around the world to have received the Triple Forbes Five Star Award – three five stars for the hotel, the spa and signature restaurant...
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...
