for the real estate property of The Mirage.
The hospitality and entertainment brand will enter into a long-term lease with VICI Properties Inc. HRI will pay $1 billion in cash for the operating assets of The Mirage Hotel and Casino, subject to working capital adjustments. With the acquisition, Hard Rock plans to build an iconic guitar-shaped hotel on the famous Las Vegas Strip. Hard Rock International (HRI), the hospitality and entertainment company, announced an agreement to acquire the operations of The Mirage Hotel and Casino in Las Vegas from MGM Resorts International, subject to regulatory approvals.
