“The campus also sits on approximately 77 acres that attractive development opportunities to capture large amounts of foot traffic. “It’s a storied property with great brand recognition and a strong customer and loyal following,” Bill Hornbuckle, president, CEO and director of MGM Resorts International, said on the call. The company announced the plans to sell The Mirage during its third-quarter earnings call earlier this week, stating it was currently in “the early stages” of the process. MGM purchased The Mirage in 2000 from real estate mogul Steve Wynn.
At the time, it was the largest hotel in the world and brought a new sense of luxury, complete with shopping, more dining options than ever before and family-friendly attractions, such as its famous erupting volcano, to the Strip. The megaresort, the first of its kind in Las Vegas, ushered in a new era for the city. The Las Vegas-based gaming giant announced it’s selling the operations of The Mirage, the iconic 77-acre resort in the heart of the strip that changed Vegas forever when it opened its doors in 1989.įor more TPG news delivered each morning to your inbox, sign up for our daily newsletter. MGM Resorts International keeps shaking up Sin City.
