The Monte Carlo on the Las Vegas Strip has officially been rebranded as Park MGM.
It’s more than a name change, though. The 22-year-old resort is in the midst of a $550 million remodeling that will make it an entirely new place to go, one that parent company MGM Resorts International hopes will attract a younger and more upscale clientele.
“We’ve never undertaken anything like this before, and when it’s all said and done, we will have literally changed every square inch of the property, while keeping it open,” said James Murren, chairman and chief executive of parent MGM Resorts International.
MGM has partnered with hotel designer Sydell Group on the project, which was undertaken to better align the 3,000-room the Monte Carlo to MGM’s massive redevelopment of its center-Strip cluster, which now includes the T-Mobile Arena, Toshiba Plaza, an outdoor dining and recreation space called The Park and the Park Theater.
The revamp also will add a 292-room boutique hotel to Park MGM, the NoMad Las Vegas, which is expected to open later this year.
