The plans for the future of the Monte Carlo casino hotel were announced last week and the news was an echo of a development further north on the Las Vegas Strip. The Monte Carlo will now be two hotels, Park MGM, a 2,700-room luxury hotel, and NoMad Las Vegas, a development by partner Sydell Group, which operates a hotel in New York City by the same name.
When first announced as a conduit from the Strip to the new T-Mobile Arena, the Park is a dining/entertainment outdoor concourse, very similar to the Linq, the “street” leading to the Hi-Roller observation wheel developed by Caesars Entertainment. The original Imperial Palace Hotel was first re-branded as the Quad and later became the Linq, named after the connector.
Bill Hornbuckle, the president of MGM Resorts, says the project will transform the “neighborhood.”
“We are thrilled to partner with Sydell Group as we enter the final phase of transforming the neighborhood that we believe represents Las Vegas’ true entertainment epicenter,” Bill Hornbuckle, president of MGM Resorts International, said in a statement announcing plans.
“Coupling MGM’s rich legacy of hospitality and entertainment with Sydell Group’s expertise in creating hotels that cultivate a strong sense of place will result in a destination that both celebrates the history of Las Vegas and ushers in a new era,”
Sydell is also bringing in Eataly USA, an Italian marketplace with fast food, to-go counters and full-service restaurants. Sydell also operates boutique hotels in Los Angeles; Chicago; Scottsdale, Arizona; and Palm Springs, California.
Monte Carlo was closed in early 2008 following a three-alarm fire on the top six floors of the hotel. Those floors were redesigned as Hotel32, but will be renovated again for the new project.
At the same time, MGM is completing construction on the $100 million, 5,000-seat Park Theater that is set in between Park MGM and the Park.
