The Hard Rock Hotel and
Casino Las Vegas, is an entertainment resort owned and
operated by Morgans Hotel Group and equity partner DLJ
Merchant Banking Partners. The property is located on 16.7
acres on the corner of Harmon and Paradise Road, inside the
Paradise Corridor.
The features of the
property include the hotel tower, a 30,000-square-foot (2,800
m2) casino, Tahitian-style beach and swimming pool, a
nightclub, five restaurants, three cocktail lounges, several
retail stores, a spa, and a "The Joint", a music
venue.
History
The Hard Rock Hotel &
Casino was built in 1995 by Peter Morton, co-founder of the
Hard Rock Cafe franchise, expanded in 1999, and began another
expansion in 2007. On May 11, 2006, the Morgans Hotel Group
signed definitive agreements to purchase the Hard Rock Hotel
& Casino in Las Vegas together with rights to use the Hard
Rock name for hotels and casinos in the Western US and certain
other territories, 23 acres of land for expansion and the Hard
Rock Cafe on the corner of Harmon and Paradise for $770
million.
