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In 1999, the Four Seasons became the first Las Vegas hotel to win the AAA Five Diamond Award. Several additions opened in 2003, including the Mandalay Bay Convention Center, and a second hotel tower, THEhotel at Mandalay Bay. It has 1,117 rooms, and was renamed W Las Vegas in 2024. A shopping mall, Mandalay Place, was also added in 2003.
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The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada.It is owned by Vici Properties and operated by MGM Resorts International.The resort was developed by Kirk Kerkorian through his company, MGM Grand, Inc. Kerkorian had previously developed another MGM Grand, opened on the Strip in 1973 and renamed Bally's in 1986.
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
Revenue per available room — a key metric for hotels — rose 6% year over year to $169 for Las Vegas Strip properties. Occupancy levels improved 1.5% year on year but still remained about 5.2% ...
MGM Resorts International manages several properties across the U.S., including Aria, Bellagio, Cosmopolitan, Excalibur, Luxor, Mandalay Bay, MGM Grand Las Vegas, and New York-New York in Las Vegas.