LAS VEGAS, Aug. 6, 2012 /PRNewswire/ -- MGM Resorts
International and Morgans Hotel Group have announced an
unprecedented partnership to introduce Delano Las Vegas, an
all-suite hotel at Mandalay Bay. After completing a property
redesign, Morgans Hotel Group's signature luxury brand will come to
life in place of THEhotel in late 2013.
This strategic brand partnership marries the traditions of
excellence from both of these leading hospitality companies. Delano
Las Vegas will be managed by MGM Resorts under a long-term
licensing agreement with Morgans Hotel Group.
"In keeping with our commitment to create superior experiences
for our guests, transforming THEhotel into Delano Las Vegas will
add a new dimension of energy and excitement to the Las Vegas
Strip," said Chuck Bowling,
president and COO of Mandalay Bay. "The Delano South Beach
experience is very special and loved worldwide, most notably in key
Latin American and European markets which we have strategically
identified for future growth potential."
As Delano's second outpost in
the United States, Delano Las
Vegas will transport the iconic brand from the shores of South
Beach to the Las Vegas Strip. Once completed, guests will
experience the Delano lifestyle,
and its unique blend of effortless luxury and impeccable service at
the world-renowned Mandalay Bay.
In addition, Morgans Hotel Group plans to introduce several new
food and beverage concepts at Mandalay Bay to be
managed by The Light Group.
Venues will include a casual American bistro by Chef
Brian Massie, a Japanese dining
destination by celebrity chef Akira
Back and a new vision for Red Square. The Light Group will
once again reinvent Las Vegas
nightlife with a revolutionary nightclub. All venues are scheduled
to open in 2013.
Michael Gross, Morgans Hotel
Group CEO said "MGM Resorts International is the market leader in
Las Vegas and we could think of no
better partner to operate Delano.
We've had our eye on Las Vegas for
many years, and have finally found the right location and
opportunity. Delano as a brand
evokes luxury with an unexpected touch of individuality. This
enables our guests to easily discern between mere travel and the
unparalleled experience at Delano.
We can see no better market and partner to help us launch our
largest property to date."
Built on an ideology centered around unique guest experiences
and the feelings those experiences conjure, no two Delano properties will ever be the same. Each
location will adapt to its surroundings, providing exclusive
experiences that combine superior service with high-energy night
and daylife, as well as an unmatched standard of fine dining.
Delano enthusiasts from around the
globe can expect the same attention-to-detail, premier service and
quality experience at Delano Las Vegas as its iconic South Beach
predecessor.
Each of the property's 1,100 all-suite accommodations will be
redesigned in keeping with the Delano personality. Rounding out the
Las Vegas experience will be the
transformation of the destination's public spaces including bars,
lounges, spa, and restaurants, with additional details to be
released in the coming months.
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is one of the world's
leading global hospitality companies, operating a peerless
portfolio of destination resort brands including Bellagio, MGM
Grand, Mandalay Bay and The Mirage. The Company also owns 51% of
MGM China Holdings Limited, which owns the MGM Macau resort and
casino, and 50% of CityCenter in Las
Vegas, which features ARIA Resort & Casino as its
centerpiece. For more information about MGM Resorts
International, visit the Company's website at
www.mgmresorts.com.
ABOUT MORGANS HOTEL GROUP
Morgans Hotel Group Co. (NASDAQ: MHGC) is widely credited
as the creator of the first "boutique" hotel and a continuing
leader of the hotel industry's boutique sector. Morgans Hotel Group
operates Morgans, Royalton and Hudson in New York, Delano and Shore Club in South Beach, Mondrian
in Los Angeles, South Beach and
New York, Clift in San Francisco, Ames in Boston, Sanderson and St Martins Lane in
London, and a hotel in Playa del
Carmen, Mexico. Morgans
Hotel Group has ownership interests or owns several of these
hotels. Morgans Hotel Group has other property transactions in
various stages of completion, including Delano and Mondrian in Marrakech, Morocco; Hudson and Mondrian in London, England; Delano in Cesme, Turkey; and Mondrian properties in
Istanbul, Turkey; Doha, Qatar and Nassau, The Bahamas. Morgans Hotel Group also owns a 90%
controlling interest in The Light Group, a leading lifestyle food
and beverage company. For more information please visit
www.morganshotelgroup.com.
FORWARD-LOOKING AND CAUTIONARY STATEMENTS
This press release may contain certain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements relate to,
among other things, the operating performance of our investments
and financing needs and prediction of certain future other events.
Forward-looking statements are generally identifiable by use of
forward-looking terminology such as "may," "expect," "anticipate,"
"estimate" "believe," "project," or other similar words or
expressions. These forward-looking statements reflect our current
views about future events and are subject to risks, uncertainties,
assumptions and changes in circumstances that may cause our actual
results or other future events to differ materially from those
expressed in any forward-looking statement. Important risks and
factors that could cause our actual results to differ materially
from those expressed in any forward-looking statements include, but
are not limited to economic, business, competitive market and
regulatory conditions such as: a sustained downturn in economic and
market conditions, particularly levels of spending in the business,
travel and leisure industries; continued tightness in the global
credit markets; general volatility of the capital markets and our
ability to access the capital markets; our ability to refinance our
current outstanding debt and to repay outstanding debt as such debt
matures; our ability to protect the value of our name, image and
brands and our intellectual property; risks related to natural
disasters, such as earthquakes, volcanoes and hurricanes;
hostilities, including future terrorist attacks, or fear of
hostilities that affect travel; and other risk factors discussed in
Morgans' Annual Report on Form 10-K for the fiscal year ended
December 31, 2011, and other
documents filed by Morgans with the Securities and Exchange
Commission from time to time. All forward-looking statements in
this press release are made as of the date hereof, based upon
information known to management as of the date hereof, and Morgans
assumes no obligations to update or revise any of its
forward-looking statements even if experience or future changes
show that indicated results or events will not be realized.
SOURCE MGM Resorts International