MGM, CityCenter agree to sell the Mandarin Oriental Las Vegas

(PRESS RELEASE) -- CityCenter Holdings, a venture between MGM Resorts International and Infinity World Development, today announced that it has recently entered into a definitive agreement to sell the Mandarin Oriental Las Vegas and adjacent retail parcels for approximately $214 million in cash, subject to satisfactory completion of due diligence and customary closing conditions. The transaction is expected to close in the summer of 2018.

The Hotel is located at the entryway of CityCenter and in the heart of the Las Vegas Strip featuring 392 guestrooms, including 57 suites, 12,000 square feet of meeting space, five food and beverage outlets, and a two-level 27,000 square-foot spa. The Hotel is LEED Gold certified from the U.S. Green Building Council.