Hard Rock International Acquires Hotel On Las Vegas Strip From MGM Resorts International For $1.1B

The hotel located at 3400 S. Las Vegas Blvd. in Las Vegas was recently sold in a transaction. The property, with a sale price of $1,075,000,000, encompasses a total of 3,044 keys. The price per key is approximately $353,153, exemplifying the value of this hotel asset.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $1,075,000,000
• Address: 3400 S. Las Vegas Blvd.
• Market: Las Vegas

Hard Rock International, represented by Jim Allen, acquired the hotel from MGM Resorts International, represented by Bill Hornbuckle. This notable transaction showcases the involvement of key individuals and companies in the hospitality industry.