- The Signature at MGM Grand
casino=The Signature at MGM Grand
address=145 East Harmon Avenue
Las Vegas, Nevada 89109
rooms=576 per tower, 1728 total by 2007
attractions=Utilizes MGM Grand attractions
renovations=Second tower (December
Third tower (May
website= [http://www.signaturemgmgrand.com/ The Signature at MGM Grand]
The Signature at MGM Grand is a
condo-hotelbuilt by a partnershipbetween MGM Mirageand Turnberry Associateson 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.
On December 20,
2003, MGM Mirageand Turnberry Associatesannounced 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.
2004The 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.
* [http://www.signaturemgmgrand.com/ The Signature at MGM Grand official site.]
* [http://www.mgmgrandresidences.com/ Original Residences site] - Info geared to condo ownership.
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