Mandarin Oriental at CityCenter being sold for $214 million

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The Mandarin Oriental at CityCenter is being sold for $214 million in cash.
The Mandarin Oriental at CityCenter is being sold for $214 million in cash.

CityCenter Holdings, a partnership between MGM Resorts International and Dubai World-subsidiary Infinity World Development Corp., announced last week that it was selling the Mandarin Oriental at CityCenter. 

The 392-room hotel is part of the CityCenter complex, which opened on the Strip in 2009 and also includes the Aria Resort & Casino, Vdara Hotel and Veer condo towers. The Mandarin and its accompanying retail parcels offer 12,000 square feet of meetings space, a two-story spa and five food and beverage outlets, including the 23rd-floor Mandarin Bar with floor-to-ceiling windows looking out over the Strip and Twist, acclaimed chef Pierre Gagnaire's sole U.S. restaurant. 

Though CityCenter has not revealed the buyer, it has said the sale price will be $214 million in cash and that the deal is expected to close this summer.

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