The Signature at MGM Grand

The Signature at MGM Grand

Casino infobox
casino=The Signature at MGM Grand
theme=Art Deco
address=145 East Harmon Avenue
Las Vegas, Nevada 89109

rooms=576 per tower, 1728 total by 2007
date_opened=May 12, 2006
attractions=Utilizes MGM Grand attractions
restaurants=In-suite dining, Starbucks
owner=MGM Mirage
casino_type=Private-owned suites
renovations=Second tower (December 2006)
Third tower (May 2007)
names_pre=The Residences
website= [ The Signature at MGM Grand]

The Signature at MGM Grand is a condo-hotel built by a partnership between 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.

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 be aided by its connection to the resources and amenities of The MGM Grand Hotel & Casino.

External links

* [ The Signature at MGM Grand official site.]
* [ Original Residences site] - Info geared to condo ownership.

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