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Hard Rock Hotel Set for Major Expansion

LAS VEGAS-Morgans Hotel Group and DLJ Merchant Banking Partners plans to invest more than $1 billion expanding and renovating the property.

By Brian K. Miller | Updated on March 12, 2007

LAS VEGAS-The new owners of the Hard Rock Hotel and Casino here are gearing up for a $1.2-billion renovation and expansion of the property. Morgans Hotel Group Co. and DLJ Merchant Banking Partners, which recently put up $770 million to acquire the 647-room hotel-casino and 23 adjacent acres, plan to renovate the property while adding 950 additional rooms, 60,000 sf of meeting space, 35,000 sf of retail, a new spa and a new nightclub.

The new hotel rooms will come in two new 15-story towers, one on the existing casino-hotel property that will have 500 rooms and another all-suite tower on one-third of the adjacent acreage that will have 400 rooms. The project also will include the expansion of the Hard Rock’s casino and pool. Klai Juba Architects is leading the architectural planning of the expansion. Work is scheduled to begin this year and be completed by mid-2009.

Renovations to the existing property begin immediately, with upgrades to existing suites, restaurants and bars, retail shops, and common areas, and a new lounge and poker room. These renovations are scheduled to be completed in phases before this time next year.

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