MGM Grand Hotel & Casino on the Las Vegas Strip is scheduled to have an upgrade starting this year, and MGM Resorts International has just released the details of the revamp. The hotel renovation will include new rooms and suites as well as resort experiences such as 'Netflix Bites' and a debut in the summer of the Palm Tree Beach Club.

MGM Resorts International has announced an ambitious $300 million renovation project for its iconic MGM Grand Hotel & Casino on the Vegas Strip. This massive upgrade will encompass all 4,212 rooms as well as suites in the property's main tower. The planned enhancements are set to be completed in phases, with rooms available for booking as early as March 2025. The overall renovation, which includes the addition of new resort experiences and luxury accommodations, is expected to be finalized by December 2025.

A refresh for an icon of the Strip

Opened in December 1993 at a cost of $1.1 billion, MGM Grand has long been a staple of the Las Vegas Strip. Its distinctive green-lit exterior and reputation for hosting world-class entertainment have made it a landmark destination. The resort is home to the MGM Grand Garden Arena, a venue that has hosted legendary pop music performances and historic boxing events over the years.

Notably, MGM Grand houses the largest casino in Las Vegas. Two years ago, the World Record Academy recognized the property as the largest individual hotel building globally. While it does not hold the title for the largest number of rooms - an honor that belongs to Malaysia’s First World Hotel with 7,351 rooms - MGM Grand's planned upgrades will boost its offerings.

The $300 million investment will include the addition of 111 new suites, bringing the total number of suites in the main tower to 753. These new accommodations will complement the diverse range of remodeled rooms already available, including the Studio Tower with 700 rooms and which was completed in 2022.

Luxury redefined in the main tower

The newly-designed suites will have a contemporary aesthetic, blending dark ebony and walnut finishes with lighter tones and sheer shades to create a bright, welcoming atmosphere. Guests can look forward to entertainment areas furnished with comfy sectional seating and lenticular artwork, which transforms based on the viewer's perspective, adding a unique artistic touch to the spaces.

According to a statement from MGM Resorts, "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 renovation will also introduce exciting new amenities to the MGM Grand, including the debut of Netflix Bites, a restaurant inspired by the food featured in popular Netflix shows. Additionally, guests can enjoy the Palm Tree Beach Club, set to open in the summer, offering a refreshing retreat for visitors seeking an upscale poolside experience.

Ownership and lease details

MGM Grand's ownership structure has undergone significant changes in recent years. In January 2020, MGM Resorts sold the property, along with Mandalay Bay, to a joint venture controlled by MGM Growth Properties and Blackstone Real Estate Income Trust. The breakdown at the time gave MGP a 50.1% stake and BREIT the remainder.

In 2022, VICI Properties acquired MGP, gaining its interest in MGM Grand and Mandalay Bay. Later that year, VICI paid $4.27 billion to BREIT for the remaining stake in the two resorts, consolidating its ownership. Despite these ownership changes, MGM Resorts continues to operate the property under a triple-net lease agreement, making the company responsible for all maintenance and upgrade costs.

A commitment to excellence

The $300 million refresh is a testament to MGM Resorts' commitment to maintaining MGM Grand as a premier destination on the Las Vegas Strip. By blending luxurious accommodations with innovative dining and entertainment experiences, MGM Grand will further attract a diverse range of visitors while staying at the forefront of the competitive Las Vegas hospitality industry.