Luxury Hotels Deal Between Mubadala and Mirage
Mubadala Development and MGM Mirage have signed an agreement to create a new company that would develop luxury non-gaming hotels and resorts on a global scale, initially targeting locations in Abu Dhabi and Las Vegas.
Formalisation of this agreement advances plans for the joint enterprise to develop its own hotel management platform and distinctive hotel brands, as well as utilise one or more of the powerful MGM Mirage brands. Mubadala, MGM Mirage and the new company will provide management and development services for these properties. Read more
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