Las Vegas Monte Carlo Hotel To Undergo $450 Million Transformation

It’s out with the old and in with the new for another Las Vegas hotel. The Monte Carlo will be no more after a $450 million transformation by MGM Resorts International and Sydell Group. So what will become of the former Monte Carlo?

The property will be split into two distinct developments. In the space, you will find a Las Vegas version of Sydell’s signature NoMad Hotel in New York City. In the other will be the launch of a new luxury hotel named Park MGM. Both hotels will have fully redesigned guest rooms as well as exciting new food and beverage options. Chef Daniel Humm of the award-winning NoMad restaurant and restauranteur Will Guidara are poised to create an entirely new Las Vegas experience. They will boast an Eataly Italian marketplace with cafes, to-go counters, and full-service restaurants all with high-quality products from sustainable Italian and local producers.

The redesign of MGM Resorts is not a new project. Back in 2009, the conglomerate began a total revamp of the central Las Vegas Strip neighborhood. Thus far it has seen the development of CityCenter, The Park, a spectacular outdoor dining and entertainment district, and the stunning new T-Mobile Arena. The NoMad and Park MGM are the final touches to complete this now seven-year redesign.

“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,” says Bill Hornbuckle, president of MGM Resorts International. “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.”

Andrew Zobler, founder and CEO of Sydell Group, says, “The collaboration between MGM Resorts and Sydell felt very natural for both NoMad in Las Vegas and Park MGM. MGM is the preeminent operator of casino resorts and has extensive expertise leveraging unique guest experiences across properties with great scale. Sydell Group has a growing collection of brands focused on authentic offerings, a residential feel and the ability to connect with like-minded collaborators at the forefront of design and food and beverage. Together, we have been able to meld these approaches into a property that will have real soul.”

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