MGM, Marriot Sign Agreement To Launch W Hotel On Las Vegas Strip; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International and Marriott International have signed an agreement to launch a W Hotel on the Las Vegas Strip. The terms of the agreement have not been disclosed.
October 21, 2024 | 1:14 pm
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POSITIVE IMPACT
Marriott International has signed an agreement with MGM Resorts to open a W Hotel on the Las Vegas Strip. This move could expand Marriott's presence in a key market.
By partnering with MGM to open a W Hotel on the Las Vegas Strip, Marriott can strengthen its brand presence in a major tourist destination, potentially increasing its market share and revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MGM Resorts International has partnered with Marriott International to launch a W Hotel on the Las Vegas Strip. This partnership could enhance MGM's portfolio and attract more visitors.
The partnership with Marriott to launch a W Hotel could attract more visitors to MGM's properties, potentially increasing revenue. The Las Vegas Strip is a prime location, and the addition of a W Hotel could enhance MGM's brand and offerings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80