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MGM CityCenter's Harmon Hotel and Spa Put On Hold

January 7, 2009 at 9:14 AM | by juliana | 2 Comments

With all the bad news coming out of Las Vegas lately, this bit on the massive MGM CityCenter, which is set to open in late 2009, has us not at all surprised. From the press release:

MGM said Wednesday that its joint venture with Infinity World Development Corp., CityCenter Holdings LLC, is postponing the opening of the Harmon Hotel & Spa hotel on the Las Vegas Strip to late 2010. It is also cancelling The Harmon condominium component, which was slated to have 200 residential units. The company expects to save about $600 million from the action.

And we wouldn't be surprised if more and more planned condo-hotels around the country start dropping their residential components as well. Not that many people can afford a second home these days. The rest of CityCenter is still on track for its opening next year, although we suspect a few other components might get dropped along the way.

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Return to » MGM CityCenter's Harmon Hotel and Spa Put On Hold

  1. Stan

    HotelChatter Member

    And yet...

    ...they continue to advertise for job openings.
    January 8, 2009 at 7:59 AM
    #Permalink

  1. HeatherRy

    HotelChatter Member

    angry las vegan

    This city center building was huge flop for perini construction! The building was off by 80 feet - which in layman's terms is like building a house a mile down the road from the correct address. They tried blaming the union labor saying that the "rebar" was laid wrong .. which they liken to an automaker out rightly punching a basketball size hole in the gas tank of a car. But all in all - how the hell do you not notice 6 months ago that the building was being laid wrong and that the angles were incorrect - thats like not noticing you didn't pay your rent for the last year ... costing them millions by not correcting it earlier .. so yes there saving overall by not constructing the building but lost so much more by being too proud to stop earlier! Makes you really wonder how well MGM looks at who they are hiring and weather they make corporate decisions based solely on the bottom line ... esp when there laying off so many other quality employees. ugh! las vegas is dying weather it happens sooner or later - the decisions all these corporations (throwing around hundreds of billions) are making are the complete opposite of business savvy. The end.
    January 10, 2009 at 7:02 PM
    #Permalink

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