运营商新闻

US – MGM completes sale of The Mirage to Hard Rock

MGM Resorts International has closed on the sale of the operations of The Mirage Hotel & Casino to Hard Rock International for $1.075bn in cash.

“Mirage employees have delivered unparalleled service and experiences over the past three decades, and we are forever thankful for their work to make The Mirage such an iconic, world-class destination,” said Bill Hornbuckle, CEO & President, MGM Resorts International. “I’m excited for the opportunities that lay ahead for the property, its people and the entire Las Vegas Strip with this prime location now under Hard Rock’s leadership. We’re thrilled to welcome Hard Rock to the neighborhood and wish them all the very best.”

“The closing of this transaction represents another important step in the pursuit of our long-term strategic objectives,” said Jonathan Halkyard, CFO & Treasurer, MGM Resorts International. “We plan to use the proceeds from this transaction to further advance our capital allocation strategy which includes maintaining a strong balance sheet, pursuing targeted growth opportunities and returning cash to our shareholders.”

For the twelve months ended 31 December 2019, The Mirage reported Adjusted Property EBITDAR of $154m. At the closing of the transaction, MGM Resorts’ master lease that currently includes The Mirage property will be amended to reduce the annual rent by $90 million. The company expects net cash proceeds after taxes and estimated fees to be approximately $815 million.

VICI, as the real estate owner of The Mirage will enter into a new lease agreement with Hard Rock.

根据协议条款，米高梅度假村将保留 The Mirage 的名称和品牌，将其授权给 Hard Rock，最长期限为三年免版税，同时最终确定该物业的品牌重塑计划。