MGM Resorts (MGM) and Marriott (MAR) plan to convert an iconic property on the Las Vegas Strip to the W Hotels brand within the Marriott Bonvoy portfolio. Anticipated to complete its conversion later this year, W Las Vegas marks the latest step in the companies’ long-term strategic licensing agreement announced in July 2023. Located on the Mandalay Bay Campus, the property is slated to officially join the W Hotels portfolio later this year, with additional plans for the property to be announced in the future. With the addition of W Las Vegas, MGM Collection with Marriott Bonvoy will encompass 12 destinations on the Las Vegas Strip
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- Bet On It: Diamond Sports and FanDuel reach naming rights agreement
- MGM Resorts price target lowered to $47 from $53 at Wells Fargo
- MGM Resorts price target lowered to $54 from $56 at Barclays
- MGM Resorts price target lowered to $56 from $57 at JMP Securities
- Bet On It: UK officials mull tax increases on online casinos and bookmakers