Las Vegas’ Monte Carlo Resort and Casino is shelling out $450 million to shed its old image, as casino operator MGM Resorts International aims to capture younger, savvier and luxury-seeking travelers to the gaming hub.
Twenty years after its doors were opened to the public, MGM announced that it entered a partnership with the Sydell Group to reimagine Monte Carlo by shedding off its non-cohesive theme and appeal and transform the megaresort into an essentially new 2,700-room luxury resort, the Park MGM.
MGM’s announcement to remodel and rebrand Monte Carlo came less than two months after the global hospitality company opened The Park along Las Vegas Boulevard.
“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.
Sydell Group founder and CEO Andrew Zobler, meanwhile, said their collaboration with MGM “felt very natural.”
MGM and Sydell Group tapped British designer Martin Brudnizki to design the Park MGM. The partners want the new casino resort to incorporate European design-elements and at the same time reflect a residential feel signature that has yet to be introduced in Las Vegas.
Aside from Park MGM, the duo will also introduce a 292-room spin-off of the Sydell Group’s popular New York City lifestyle hotel, the NoMad. The NoMad Las Vegas design will be a collaboration between Sydell Group and French designer Jacques Garcia, who was the visionary behind Parisian hotels such as Royal Monceau and Hôtel Costes.
Once complete, the two hotels will represent the final pieces of MGM’s complete redesign of the central Las Vegas Strip neighborhood, which began seven years ago and included the recent openings of The Park and T-Mobile Arena.
Construction at Park MGM and NoMad Las Vegas is expected to commence in late 2016 and conclude in late 2018.