We have spent the past few months working closely with our partners at Morgans Hotel Group on the design of Delano Las Vegas. We are committed to creating a hotel that delivers the vibe, energy and experience that Delano South Beach is internationally renowned for, customized for the Las Vegas audience. Delivering that standard entailed months of collaboration on the design process. The introduction of Delano Las Vegas is a very important project for MGM Resorts and a great fit for the Las Vegas market. We couldn’t rush that process. We are truly excited about the hotel we will deliver.
The benefit of the design phase having taken us a little longer than anticipated is that the fourth quarter of 2013 and the first quarter of 2014 look terrific from a business perspective in THEhotel. We don’t want to disrupt the experience for the customers who have booked with us for that window, so we have pushed the beginning of construction to March, 2014. The opening of Delano Las Vegas will be in Q3, 2014.
MGM Resorts has entered into an agreement with Morgans Hotel Group to license the Delano name for at least 10 years with the option of two five-year extensions. Room rates are
expected to start around $349 a night for Delano South Beach. Will Vegas see similar pricing? It's a certainty it will be more than $200 at the very least. The Delano was once destined to open as part of the failed Echelon mega-resort complex.
(PHOTO: Jens T. on Foursquare)