{"id":19264,"date":"2018-01-18T17:12:24","date_gmt":"2018-01-19T01:12:24","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=19264"},"modified":"2018-03-08T23:49:37","modified_gmt":"2018-03-09T07:49:37","slug":"hard-rock-hotel-casino-las-vegas-sold-richard-bransons-virgin-hotels","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/hard-rock-hotel-casino-las-vegas-sold-richard-bransons-virgin-hotels\/","title":{"rendered":"Hard Rock Hotel and Casino Las Vegas Sold to Sir Richard Branson’s Virgin Hotels"},"content":{"rendered":"

We’ve shared the rumors for months, but insiders are now confirming the Hard Rock casino in Las Vegas has been purchased by bajillionaire Richard Branson and Virgin Hotels, along with\u00a0Bosworth Hospitality Partners and Juniper Capital Partners.<\/p>\n

We first wrote about Hard Rock changing hands back in March 2017<\/a>. The first obvious sign a sale was in the works was a picket by Teamsters Union Local 986 meant to encourage the retention of their workforce if the sale moved forward.<\/p>\n

Apparently, it has.<\/p>\n

\"Hard
Boom, sold, as the kids say.<\/figcaption><\/figure>\n

Details of the sale haven’t yet been made public, but a well-placed source confirms staffers at the resort have been informed of deal.<\/p>\n

The Hard Rock is currently owned by Brookfield Asset Management. The resort is operated by Brookfield and Warner Gaming.<\/p>\n

Word is the off-Strip casino hasn’t been doing gangbuster business in recent months, so the buyers got a great deal on the place. Venues like MB Steak have been struggling mightily.<\/p>\n

The prospect of Hard Rock becoming a Virgin hotel could breathe new life into the resort, and those familiar with the sale say the new branding will be accompanied by a renovation.<\/p>\n

Virgin Hotels got its start in 2010 and is based in Miami. The one in Florida. Please try and keep up.<\/p>\n

At one time, the stated business plan of Virgin Hotels was to “acquire distressed properties in North America cheaply,” and that’s the scenario which has unfolded at Hard Rock Hotel & Casino in Las Vegas.<\/p>\n

\"Virgin
Fun fact: Las Vegas has long been associated with the word “virgin.” Note: We are a photo caption, not a historian.<\/figcaption><\/figure>\n

Richard Branson has said the Virgin Hotels brand is “geared toward the female business traveler,” which would be an intriguing direction for Hard Rock.<\/p>\n

Here’s a peek<\/a> at what may be in store for the next iteration of Hard Rock in Las Vegas. Highlights: Mini-bars at sensible prices, a mobile app that controls the temperature and TV in your room, room service anywhere in the hotel and more.<\/p>\n

There’s more to come, and we trust an official announcement will be made shortly.<\/p>\n

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