Hard Rock Agrees to Buy The Mirage Las Vegas

Hard Rock International has announced an agreement to acquire the operations of The Mirage Las Vegas, both the casino and hotel, from MGM Resorts International. The deal is subject to regulatory approvals and other customary closing conditions. Hard Rock plans to use this acquisition to build an iconic Guitar-shaped Hotel which will be located on Las Vegas Strip. Hard Rock will pay $1.075 billion in cash for the operating assets of The Mirage Las Vegas Hotel and Casino. The iconic hospitality and entertainment brand will enter into a long-term lease agreement with VICI Properties Inc. for the real estate property…

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