05-11-2006, 03:58 PM
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Member
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Join Date: Jan 2006
Posts: 66
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Hard Rock Hotel has been sold
"After nearly two months of speculation and rumors the Hard Rock Hotel has finally been sold. The Eye on Vegas has learned that minutes ago Hard Rock honcho Peter Morton has accepted a $770 million offer to sell the property and its adjacent acreage to the Morgans Hotel Group, operators of high-end boutique hotels such as the Delano and Shore Club in Miami, the Hudson in New York City and the Mondrian in Los Angeles. It is interesting because the Morgans name was never really one of the rumored front-runners for the property, that honor instead went to The Rank Group, operators of the Hard Rock Hotel chain of which the Las Vegas property is not included, and the Fertittas just because, well they’re the Fertittas!.........." More here.
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