LAS VEGAS
MGM Resorts International and New York-based Sydell Group have announced a partnership to reimagine and rebrand Monte Carlo Resort and Casino. The approximately $450 million transformation will include two distinct hotel experiences: a Las Vegas version of Sydell's NoMad Hotel, and the launch of a new luxury hotel named Park MGM. In addition to fully redesigned and renovated hotel guest rooms, each hotel will feature innovative F&B experiences, including the NoMad restaurant by Chef Daniel Humm and restaurateur Will Guidara and Eataly's Italian marketplace with cafes, to-go counters and full-service restaurants interspersed.
Park MGM and The NoMad Las Vegas will make up the final pieces of MGM Resorts' complete neighborhood redesign of the central Las Vegas Strip neighborhood which began in 2009 with the introduction of CityCenter and saw the recent unveiling of The Park and T-Mobile Arena.
Sydell Group, a partnership between investor Ron Burkle and founder Andrew Zobler, is the creator and operator of trend-setting lifestyle hotels across the country, including The NoMad in New York; The Line in Los Angeles; and Freehand in Miami and Chicago. Sydell will collaborate with MGM Resorts on the property-wide transformation of all public and guest spaces, including the F&B offerings of both hotels.
"Coupling MGM's rich legacy of hospitality and entertainment with Sydell Group's expertise in creating hotels that cultivate a strong sense of place will result in a destination that both celebrates the history of Las Vegas and ushers in a new era," said Bill Hornbuckle, president of MGM Resorts International.
