MGM GRAND ANNOUNCES $300 MILLION ROOM AND SUITE REMODEL

Rhea-AI Summary

MGM Grand Hotel & Casino has announced a comprehensive $300 million remodel of all 4,212 rooms and suites in its main tower. The transformation, scheduled for completion in December 2025, will feature modern design elements inspired by the disco era.

The first phase of newly remodeled rooms will be available for reservation starting March 1, 2025. This renovation follows the completion of the 700-room Studio Tower remodel in 2022. The project, designed by Gensler in partnership with MGM Resorts Design & Development, aims to enhance the guest experience for both leisure and business travelers.

The remodeled rooms will complement new dining and entertainment experiences planned to open at MGM Grand later in 2025, positioning the property for upcoming developments on the south end of The Strip.

Positive

• Major $300 million investment in property improvement
• Complete renovation of all 4,212 main tower rooms and suites
• Strategic timing with new dining and entertainment venues opening in 2025
• Follows successful completion of 700-room Studio Tower renovation in 2022

Negative

• Potential disruption to operations during renovation period through December 2025
• Significant capital expenditure impacting short-term financial metrics

Insights

Real Estate Development Analyst

The $300 million room renovation at MGM Grand represents a strategic capital allocation aimed at maintaining competitive positioning in the high-end Las Vegas hospitality market. With 4,212 rooms being upgraded, the per-room investment amounts to approximately $71,000 - a substantial but justified spend given luxury hotel renovation standards.

The timing is particularly strategic as it aligns with the broader development momentum in the South Strip area. This renovation helps future-proof MGM Grand's asset value and revenue potential ahead of anticipated increased foot traffic and competition. The phased approach starting March 2025 allows for minimal disruption to ongoing operations while maintaining cash flow.

The investment demonstrates strong confidence in continued Las Vegas tourism growth and positions MGM to capture higher average daily rates (ADR) post-renovation. Based on typical luxury hotel ROI metrics, this renovation could support a 15-20% ADR premium, potentially generating an additional $30-40 million in annual room revenue.

Hospitality Market Analyst

The renovation's disco-era inspired design theme represents a calculated move to differentiate MGM Grand in the increasingly competitive Las Vegas market. This aesthetic choice appeals to both nostalgia-seeking Baby Boomers and experience-hungry Millennials who have embraced retro trends. The completion of this project, following the 2022 Studio Tower renovation, will give MGM Grand a fully modernized room inventory of nearly 5,000 keys.

The property's positioning as an entertainment hub makes the timing optimal - Las Vegas visitation is trending toward pre-pandemic levels, with a growing emphasis on experiential luxury. The room product upgrade will allow MGM to better compete with newer properties and potentially command premium rates during high-demand periods like major sporting events and conventions.

This investment follows a broader industry trend where major Strip operators are allocating significant capital to room renovations, recognizing that modern, Instagram-worthy accommodations are increasingly critical to capturing premium leisure demand and maintaining market share.

Newly remodeled rooms available for reservation beginning March 1, 2025

LAS VEGAS, Jan. 17, 2025 /PRNewswire/ -- MGM Grand Hotel & Casino is revealing details surrounding its $300 million remodel encompassing all of the hotel's 4,212 rooms and suites within its main tower. The transformation, which is slated for completion in December 2025, is set to enhance the overall guest experience with modern, sophisticated design elements inspired by the flair of the disco era. The remodeled rooms will join a vibrant lineup of new dining and entertainment experiences set to open at MGM Grand later this year.

"MGM Grand has long been recognized as the center of entertainment and excitement in Las Vegas and these newly remodeled rooms, coupled with new attractions on the horizon, demonstrate our commitment to evolving the guest experience for both leisure and business travelers," said Mike Neubecker, President & COO of MGM Grand. "These new rooms are a significant milestone in the property's evolution as MGM Grand positions itself for the exciting developments set for the south end of The Strip."

The first phase of the main tower's newly remodeled rooms will be available for reservation beginning March 1, 2025.

These new rooms and suites add to the diverse collection of remodeled accommodations available at MGM Grand, including the 700-room Studio Tower which was completed in 2022.

Room Design Highlights
Designed by global architecture firm Gensler, in partnership with MGM Resorts Design & Development, the main tower remodel draws inspiration from the glamour of the disco era, seamlessly combined with modern elements to create an atmosphere that is both playful and elegant. Bold artwork and dynamic patterns will take guests on a journey through time, celebrating the resort's rich history and legacy of excitement and entertainment, while embracing its forward-looking vision.

The remodeled guest rooms are thoughtfully designed to meet the evolving needs of contemporary travelers by blending functionality, comfort and style. Bathrooms are upgraded with spacious walk-in showers with sleek glass enclosures and bright porcelain finishes creating a serene, spa-like ambiance. Integrated closets, complete with mirrored, illuminated interiors, will maximize storage and streamline the room's layout for effortless organization. Enhanced blackout drapery will eliminate light for a restful sleep, complemented by brighter materials for a more spacious feel. Wall-mounted TVs will free up valuable surface space and minibar units will now include separate guest-use refrigerators for added convenience.

King Rooms will feature rich walnut wood finishes, warm gray textured wall coverings and vibrant carpet designs. Meanwhile, Queen Rooms will showcase lighter gray stone finishes, vertical sconce accents and tailored headboards, providing a spacious and sophisticated retreat. Upgraded media consoles across all rooms will feature a striking starburst wood pattern, enhancing the overall aesthetic. For added guest convenience, charging stations with USB, USB-C and traditional outlets will be conveniently located on both sides of the bed, while Smart TVs will elevate the in-room entertainment experience.

New Selection of Suites
With this remodel, MGM Grand will add 111 suites to its main tower for a total of 753, ranging in size from 675 to 2,572 square feet.

These newly designed suites will feature a refined blend of dark ebony and walnut wood finishes, accentuated by lighter tones and sheer roller shades that create a brighter, more inviting atmosphere. The livable entertainment areas will include comfortable sectionals and lenticular artwork that transforms based on the viewer's perspective. Bathrooms in the suites will also be fully remodeled, offering double mirrors and new showers. Suite upgrades include reconfigured layouts with enhanced privacy, multi-functional spaces for work and entertainment, and elevated finishes like quartz bathroom benches and illuminated mirrors.

Artwork
Original artwork will play an important role in the design, with each room and corridor featuring unique pieces that reflect the past, present and future of MGM Grand. Throughout the corridors, guests will be greeted by artwork that tells a story of exploration and self-discovery, including LED art pieces reminiscent of the vibrant disco era. The floral and dreamy patterns of the carpet, along with light wood wall coverings, will create a warm welcome to the newly remodeled rooms.

New Resort Experiences
In addition to the hotel's newly designed rooms and suites, MGM Grand is introducing several new dining venues and attractions, enriching the fully integrated resort experience and furthering its legacy as a premier entertainment destination. Developments include the early 2025 opening of Netflix Bites, featuring cuisine inspired by hit Netflix shows; and the summer launch of  Palm Tree Beach Club, a tropical-inspired day club from world-renown DJ Kygo's Palm Tree Crew.

Forward-Looking Statements
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in MGM Resorts' public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. MGM Resorts has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, MGM Resorts' expectations regarding the remodel project at MGM Grand Hotel & Casino, the expected completion date, new resort experiences, and other potential enhancements to guest experience. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the remodel or other events described herein will happen as described (or that they will happen at all). Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the design, timing and costs of enhancement and redesign projects, the effects of economic conditions and market conditions in the markets in which MGM Resorts operates and competition with other destination travel locations throughout the United States and the world, and additional risks and uncertainties described in MGM Resorts' Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, MGM Resorts is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If MGM Resorts updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

About MGM Grand Hotel & Casino
MGM Grand Hotel & Casino, "The Entertainment Authority," offers the ultimate Las Vegas experience with a variety of accommodations to serve every need and signature dining by top celebrity chefs including Tom Colicchio, Wolfgang Puck, Joël Robuchon and Morimoto. In addition to a pampering spa and salon and an elaborate conference center with more than 850,000 square feet of meeting space, the hotel offers a wide range of world-class entertainment at MGM Grand Garden Arena; the epic KÀ by Cirque du Soleil; world-famous dance crew Jabbawockeez; master illusionist David Copperfield; Topgolf Las Vegas; Brad Garrett's Comedy Club; and Hakkasan Las Vegas. MGM Grand is operated by MGM Resorts International (NYSE: MGM). For more information and reservations, visit mgmgrand.com, call toll free at (877) 880-0880, or find us on Instagram, Facebook and Twitter.  

Media Contact: 
Dana Rutkin
MGM Resorts International Public Relations 
drutkin@mgmresorts.com 

 

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SOURCE MGM Resorts International

FAQ

When will MGM Grand's $300 million room remodel be completed?

The MGM Grand room remodel is scheduled for completion in December 2025.

How many rooms are being renovated in MGM Grand's main tower?

The renovation encompasses all 4,212 rooms and suites in MGM Grand's main tower.

When can guests book the newly remodeled rooms at MGM Grand?

The first phase of newly remodeled rooms will be available for reservation beginning March 1, 2025.

What is the cost of MGM Grand's room renovation project?

MGM Grand is investing $300 million in the room and suite remodel project.

How many rooms were renovated in MGM Grand's Studio Tower?

MGM Grand completed the renovation of 700 rooms in its Studio Tower in 2022.