Morgans Closes Hard Rock Deal

Morgans Hotel Group on Monday announced it completed its $770 million purchase of the Hard Rock Hotel & Casino in Las Vegas from founder Peter Morton. The deal is separate from the Seminole Tribe of Florida's $965 million purchase of Hard Rock casinos, restaurants, hotels and memorabilia from London-based Rank Group PLC, announced in December. Morgans' CEO Ed Scheetz said the group looked forward "to taking the iconic Hard Rock property to a new level of sophistication."

Read more on:

Suggested Articles:

The airline will operate twice-weekly non-stop flights from New York’s JFK Airport, starting August 29. Learn more here.

South Africa has supplanted Italy as the top destination on the wish lists of Virtuoso’ clients for travel in 2021. Here's what you need to know.

The leisure and hospitality industry has suffered more than one-third of all job losses in the U.S. as a result of the COVID-19 pandemic. Learn more.