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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.
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The two-year renovation, costing more than $550 million, concluded in December 2018. Hotel32 was removed, and the top four floors of the tower were rebranded as NoMad Las Vegas, a new hotel-within-a-hotel. Park MGM includes a 76,982-square-foot (7,200 m 2) casino and 2,700 rooms, not counting another 293 at NoMad, which brings the total to 2,993.
Aria has been operated by MGM since its opening. In 2021, MGM bought out Dubai World's ownership stake in Aria and the nearby Vdara hotel, gaining full ownership of both. [3] That year, MGM sold the two properties for $3.89 billion in cash to The Blackstone Group, which leased them back to MGM for an annual rent of $215 million. [17] [18] [19]
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.