The Signature at MGM Grand
From Wikipedia, the free encyclopedia
 |
||
| Number of rooms | 576 per tower, 1728 total by 2007 | |
|---|---|---|
| Theme | Art Deco | |
| Gaming space | None | |
| Permanent show(s) | None | |
| Signature attraction(s) | Utilizes MGM Grand attractions | |
| Notable restaurant(s) | In-suite dining, Starbucks | |
| Owner | MGM Mirage | |
| Date opened | May 12, 2006 | |
| Casino type | Private-owned suites | |
| Major renovation(s) | Second tower (December 2006) Third tower (May 2007) |
|
| Previous name(s) | The Residences | |
| Casino website | The Signature at MGM Grand | |
The Signature at MGM Grand is a condo hotel built by a partnership of MGM Mirage and Turnberry Associates on the location of MGM Grand's closed theme park. When fully completed it will feature three identical 38-story towers consisting of 576 fully furnished units each. Most of the condo units will be privately owned. If a unit owner chooses, he or she may join the “rental program”. This places their units into the hotel's room inventory to be used as luxury suites by The Signature when they are not occupied by the owner. The owner, minus fees for hotel maintenance, marketing, and upkeep, receives a split of the rental rate of the owner's unit.
[edit] The Residences
On December 20, 2003, MGM Mirage and Turnberry Associates announced the formation of a partnership to build a luxury condo hotel, stating that they would build up to six towers each rising up to forty stories. The first phase of this project involved the sales of condo units to individuals and investors. During this phase, the project was referred to as The Residences, The Residences at MGM Grand and/or The Residences: A Condo Hotel by Turnberry. The first tower sold out within 90 days, proving that the concept was well-received. The second tower was already fifty percent sold by the time construction began in late 2004.
In October, 2004 The Residences celebrated its ground-breaking, making it the first high-rise condo-hotel project overlooking the strip to begin construction. Other ventures of this type have begun since in Las Vegas, with many of them failing to obtain necessary financing and/or support. On May 12, 2006, the first tower opened for occupancy. The successful opening of The Signature at MGM Grand appears to aided by is connection to the resources and amenities of The MGM Grand Hotel & Casino.
[edit] External links
- The Signature at MGM Grand official site.
- Original Residences site - Info geared to condo ownership.
