Hard Rock International acquires The Mirage Las Vegas Hotel and Casino
Clients Hard Rock International
Jones Day is representing Hard Rock International (Hard Rock) on the acquisition of The Mirage Las Vegas Hotel and Casino in Las Vegas from MGM Resorts International. Hard Rock will pay $1.075 billion in cash for the operating assets of The Mirage Hotel and Casino, subject to certain purchase price adjustments. Through the acquisition, Hard Rock plans to build an iconic Guitar-shaped Hotel, which will be located on the famous Las Vegas strip. The iconic hospitality and entertainment brand will enter into a long-term lease agreement with VICI Properties Inc. for the real property of The Mirage at an initial annual base rent of $90.0 million per year. The transaction is subject to regulatory approvals and other customary closing conditions.