Exclusive Resorts(R) Enters Las Vegas Market with Acquisition of 30 Residences at MGM MIRAGE's Visionary CityCenter Development
01 Agosto 2007 - 7:00AM
PR Newswire (US)
Las Vegas Becomes 40th Resort Destination for World's Leading
Luxury Destination Club DENVER and LAS VEGAS, Aug. 1
/PRNewswire-FirstCall/ -- Culminating a three-year search for the
best Las Vegas has to offer, leading destination club Exclusive
Resorts today announced that it will develop and own 30 luxury
condominiums at MGM MIRAGE's (NYSE:MGM) highly anticipated Vdara at
CityCenter on the Las Vegas Strip. Vdara Condo Hotel, one of the
$7.4 billion project's four residential towers, is set to open in
late 2009. "We had a five point wish list for our Las Vegas
development, and Vdara met all five," said Donn Davis, CEO of
Exclusive Resorts. "Vdara offers amazing architecture, an
incomparable location, world-class services and amenities, is just
an elevator ride away from a vibrant casino, and is backed by the
best developers and operators in all of Las Vegas. Vdara will be
the place to be in Las Vegas, and that's exactly what our members
have come to expect from Exclusive Resorts." Located on floors
42-48, all 30 two-bedroom, ultra-luxury private residences will be
custom-designed to uniquely suit Exclusive Resorts members. MGM
MIRAGE has tapped famed architect Rafael Vinoly to design Vdara,
which will soar to 57 stories high above The Strip and feature
every imaginable service and amenity, including a luxurious spa,
in-residence gourmet dining, lush pool environment, and convenient
access to CityCenter's upscale retail stores, nightclubs, gaming, a
new Cirque du Soleil production and an extensive contemporary arts
program. Exclusive Resorts members at Vdara will also enjoy VIP
status at all Las Vegas MGM MIRAGE properties including The Mirage,
Mandalay Bay, MGM Grand and the world-renowned Bellagio;
round-the-clock bell, concierge and room service; and privileged
access to the exclusive Shadow Creek Golf Course. Bobby Baldwin,
president and CEO of Mirage Resorts, Inc., an MGM MIRAGE operating
division, said "Exclusive Resorts only buys the very best luxury
residential real estate in the world. By making Vdara their next
acquisition, Exclusive Resorts affirms our belief that Vdara is the
best condo hotel in its class, best in the world. It's the best
choice for discerning luxury residential clients and will change
the concept of condo hotels, much as Bellagio forever changed
resort standards. We welcome Exclusive Resorts members as the
newest participants in CityCenter." Fortunately, Exclusive Resorts
members won't have to wait for Vdara to enjoy Las Vegas. Beginning
in September 2007, the Club will make 15 two- bedroom, luxury
residences available to its members on an interim basis at The
Signature at MGM Grand. This all-suite luxury hotel provides a
private retreat for guests amidst all the action of The Strip, with
in-suite gourmet dining, balconies with panoramic views and 24-hour
concierge service among the myriad amenities offered at this
exclusive community. About Exclusive Resorts As the leader of the
destination club industry, Exclusive Resorts is becoming the
preferred way for affluent families to vacation. Thousands of
Exclusive Resorts members make the world their second home, taking
tens of thousands of vacations with the Club each year. Members
enjoy exclusive access to an unprecedented $1 billion portfolio of
more than 350 luxury residences open today -- plus another 125
under construction -- in 40 of the world's greatest destinations.
Exclusive Resorts combines the spaciousness and elegance of a
private residence with the services and amenities of a five- star
resort. Exclusive Resorts is the destination club partner of choice
for leading companies, including American Express, Neiman Marcus,
Marquis Jet, and Merrill Lynch. For more information, visit
http://www.exclusiveresorts.com/. About CityCenter CityCenter, an
unprecedented $7.4 billion urban metropolis, is a design
collaboration between MGM MIRAGE (NYSE:MGM) and eight
internationally acclaimed architects. CityCenter will open in late
2009 on 76 acres between Bellagio and Monte Carlo resorts on the
Las Vegas Strip. The development will feature a soaring 61-story,
4,000-room hotel/casino; two 400-room, non-gaming hotels; a
500,000-square-foot retail and entertainment district; and
approximately 2,700 luxury residences. The architectural team
includes Pelli Clarke Pelli, Kohn Pederson Fox, Helmut Jahn, RV
Architecture LLC led by Rafael Vinoly, Foster + Partners, Studio
Daniel Libeskind, Rockwell Group and Gensler. Charting a new course
for responsible growth in Las Vegas, MGM MIRAGE is pursuing the
U.S. Green Building Council's Leadership In Energy and
Environmental Design (LEED) certification at CityCenter. As
planned, the 18- million-square foot, multi-use project will become
one of the world's largest environmentally sustainable urban
communities. For more information about CityCenter, please visit
http://www.citycenter.com/. For more information about MGM MIRAGE,
please visit the company's website at http://www.mgmmirage.com/.
DATASOURCE: MGM MIRAGE CONTACT: Rachel Neumann, +1-303-493-6106, ,
for Exclusive Resorts or Jenn Michaels, +1-702-891-7272, , for MGM
MIRAGE Web site: http://www.mgmmirage.com/
http://www.citycenter.com/ http://www.exclusiveresorts.com/
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