Even though the Hard Rock Hotel and casino near the
Las Vegas strip has only been open a little more than
ten years its co-founder Peter Morton has decided to
sell it to the Morgans Hotel Group which specializes
in upscale resort hotels for roughly seven hundred and
thirty one million dollars. the deal include the
already present six hundred and forty-seven room hotel
and the thirty thousand square foot casino sitting on
the forty-one acres of land near the bustling action
of Las Vegas' gambling and tourist center.
But one part of the deal was something that the
Morgan's Group was not originally planning on taking
on which is the beginning of a condominium development
that the Hard Rock company was in the process of
pre-selling units for. Despite the Morgan's Group lack
of original interest they are going to approach this
added bit of development with fresh insight and make
the most out of it and their vision for the Hard Rock
as a whole.
Knowing that they what to make an impact on the Las
Vegas tourist scene and solidify their presence on the
strip the Morgan's group is also in the midst of
preparing to begin construction on their collaborative
venture with the Boyd Gaming Corp. which is going to
be located on the strip and consist of two separate
boutique hotel with sixteen hundred rooms. the project
is slated to be open by the year 2010, and end up
costing approximately four billion dollars to
construct.
