MGM Resorts International has announced plans to reimagine and rebrand one of its Las Vegas Strip properties, the Monte Carlo Resort.
The $450 million project will turn the Monte Carlo into two distinct brand experiences, one based on The NoMad Hotel in New York, and the other a new luxury hotel concept called Park MGM. Both are in partnership with the Sydell Group, which has six upscale lifestyle properties in popular destinations around the U.S., including Los Angeles, Miami, and Scottsdale.
The news is not exactly unexpected, as the Monte Carlo is one of the two properties flanking MGM Resorts' high-profile new outdoor dining, nightlife and relaxation area, The Park. It is also connected to the New York-New York Las Vegas Hotel & Casino by the 20,000-seat T-Mobile Arena, which opened earlier this year.
The project is the final piece in a long-planned redesign of the central Strip, which started with the Aria/Vdara/City Center development in 2009. It continued recently with the opening of the T-Mobile Arena and The Park, an outdoor dining, nightlife and entertainment district, as well as the Park Theater, a 5,300-seat venue opening next to The Park later this year. Work at the Monte Carlo will begin towards the end of this year and run through 2018.
By far the larger of the two new hotels will be the 2,700-room Park MGM, a luxury resort that will retain some of the Monte Carlo's European design influences but be heavily influenced by The Park outside as well as the Sydell Group's "signature residential feel" to create a casually elegant resort with clean lines and a robust arts program, MGM Resorts said in a statement.
As is expected now in Las Vegas, the new resorts will bring with them some trendy and high-profile new dining venues. Among them will be full-size outpost of celebrity chef Mario Batali's Eataly marketplace. This will feature, "vibrant Italian marketplace with cafes, to-go counters and full-service restaurants interspersed with high-quality products from sustainable Italian and local producers," MGM Resorts said.
The 292-room NoMad Las Vegas is another example of the upscale boutique hotel concept that has become popular on The Strip in recent years. It will feature a separate entrance and lobby, a swimming pool, and NoMad gaming, eating and drinking experiences. The latter will be overseen by chef Daniel Humm and restaurateur Will Guidara, the pair behind The NoMad restaurant in New York as well as the famed, 3-Michelin-Star Eleven Madison Park.