HOLLYWOOD, FL — Hard Rock International has entered into an agreement to acquire the operations of The Mirage Hotel and Casino in Las Vegas from MGM Resorts International, subject to regulatory approvals and other customary closing conditions.

Hard Rock says it plans to build a guitar-shaped hotel on the Las Vegas Strip.

HRI will pay US$1.075 billion in cash for the operating assets of The Mirage Hotel and Casino.

“We are honored to welcome The Mirage’s 3,500 team members to the Hard Rock family,” said Jim Allen, Chairman of Hard Rock International. “When complete, Hard Rock Las Vegas will be a fully integrated resort welcoming meetings, groups, tourists and casino guests from around the world to its nearly 80 acre centre-Strip location.”

The old Hard Rock Hotel & Casino in Las Vegas was sold and closed for renovations in early 2020, reopening as Virgin Hotels Las Vegas in March 2021. HRI purchased the licensing and naming rights for Hard Rock Hotel & Casino Las Vegas in May 2020.