{"id":19923,"date":"2018-05-06T03:04:23","date_gmt":"2018-05-06T10:04:23","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=19923"},"modified":"2018-08-30T12:21:32","modified_gmt":"2018-08-30T19:21:32","slug":"mandarin-oriental-sold-might-know-buyer","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/mandarin-oriental-sold-might-know-buyer\/","title":{"rendered":"Mandarin Oriental Sold and We Might Know the Buyer"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>MGM Resorts International recently announced it would sell the Mandarin Oriental in Las Vegas for $214 million.<\/p>\n<p>It&rsquo;s anticipated the deal will close this summer, but so far, the buyer of the non-gaming Mandarin Oriental hotel hasn&rsquo;t been announced.<\/p>\n<p>We love a good mystery!<\/p>\n<figure id=\"attachment_19925\" aria-describedby=\"caption-attachment-19925\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-19925 size-full\" style=\"border: 1px solid #000000;\" src=\"\/vitalvegas\/dist\/images\/common\/transparent_3x2.gif\" alt=\"Mandarin Oriental Las Vegas\" width=\"800\" height=\"533\" data-src=\"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2018\/05\/mandarin_hotel.jpg\"><figcaption id=\"caption-attachment-19925\" class=\"wp-caption-text\">You can grab a condo in Mandarin Oriental for about $2 million. The average cost of a wedding at Mandarin Oriental is between $23,000 and $33,000.<\/figcaption><\/figure>\n<p>For some time, insiders believed Mandarin Oriental could become a Ritz-Carlton, then employees learned the buyer is a &ldquo;private investor.&rdquo;<\/p>\n<p>The latest rumblings are the buyer of Mandarin Oriental could be Kam Sang Co., the owner of Hilton Lake Las Vegas.<\/p>\n<p>Hilton Lake Las Vegas originally opened as a Ritz-Carlton, but closed in 2010. It later opened as Ravella, then became a Hilton in 2013.<\/p>\n<p>The California-based Kam Sang Co. is controlled by real estate investor Man Ho Lam, better known by his nickname, &ldquo;Ronnie&rdquo; Lam.<\/p>\n<p>If this rumor pans out, it&rsquo;s probably for the best Mandarin Oriental is a non-gambling hotel. Man Ho Lam was previously <a href=\"https:\/\/www.reviewjournal.com\/business\/casinos-gaming\/lake-las-vegas-casino-delays-opening\/\" target=\"_blank\" rel=\"noopener\">denied a gaming license<\/a> when the Nevada Gaming Control Board found he &ldquo;failed to satisfy their burden of proving their qualification to be licensed.&rdquo;<\/p>\n<p>Kam Sang Co. also owns several hotels in California, including Courtyard Los Angeles Baldwin Park, Sheraton Garden Grove, Embassy Suites Los Angeles and Residence Inn La Mirada Buena Park.<\/p>\n<p>Again, this is just a rumor, until it&rsquo;s not. If it&rsquo;s in a news release, it&rsquo;s too late. Our inquiry to the company received no response.<\/p>\n<p>It&rsquo;s unclear what the sale of Mandarin Oriental means for the five-star hotel, and it remains to be seen whether it will be rebranded once the deal is consummated.<\/p>\n<p>Update (5\/7\/18): We&rsquo;ve now heard employees believe Mandarin Oriental could become part of the Curio Hotel by Hilton family.<\/p>\n<p>Update (5\/15\/18): Latest word from two sources is employees (at an event inside Aria resort) have been informed Mandarin Oriental will become Waldorf Astoria, a Hilton Worldwide brand.<\/p>\n<figure id=\"attachment_19965\" aria-describedby=\"caption-attachment-19965\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-19965 size-full\" style=\"border: 1px solid #000000;\" src=\"\/vitalvegas\/dist\/images\/common\/transparent_3x2.gif\" alt=\"Waldorf Astoria Las Vegas\" width=\"800\" height=\"533\" data-src=\"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2018\/05\/waldorf_astoria_las_vegas.jpg\"><figcaption id=\"caption-attachment-19965\" class=\"wp-caption-text\">Let&rsquo;s hope the Waldorf Astoria Las Vegas is as fancy as it sounds.<\/figcaption><\/figure>\n<p>As further confirmation, the domain <a href=\"http:\/\/www.WaldorfAstoriaLasVegas.com\" target=\"_blank\" rel=\"noopener\">WaldorfAstoriaLasVegas.com<\/a> now redirects to the main Waldorf Astoria Web site. Word is $50 million will be invested in renovations as the hotel is rebranded.<\/p>\n<p>We hear August 30, 2018 is the last day for Mandarin Oriental Las Vegas.<\/p>\n<p>Update (5\/16\/18): It&rsquo;s <a href=\"https:\/\/www.reviewjournal.com\/business\/tourism\/waldorf-astoria-to-take-over-mandarin-oriental-on-las-vegas-strip\/\" target=\"_blank\" rel=\"noopener\">been confirmed<\/a> Mandarin Oriental will be a Waldorf Astoria.<\/p>\n<p>Update (8\/30\/18): It&rsquo;s been <a href=\"https:\/\/apnews.com\/18e2b5d9bd924154928ef9390ac559c3\" target=\"_blank\" rel=\"noopener\">confirmed<\/a> the buyers of Mandarin Oriental are &ldquo;commercial real estate developer Tiffany Lam and the co-founders of the Panda Express restaurant chain Andrew and Peggy Cherng.&rdquo;<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts International recently announced it would sell the Mandarin Oriental in Las Vegas for $214 million. It&rsquo;s anticipated the deal will close this summer, but so far, the buyer of the non-gaming Mandarin Oriental hotel hasn&rsquo;t been announced. We love a good mystery! For some time, insiders believed Mandarin Oriental could become a Ritz-Carlton, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[23,2],"tags":[],"class_list":["post-19923","post","type-post","status-publish","format-standard","hentry","category-vegas","category-lasvegashotels"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mandarin Oriental Sold and We Might Know the Buyer<\/title>\n<meta name=\"description\" content=\"The latest rumblings are the buyer of Mandarin Oriental could be Kam Sang Co., the owner of Hilton Lake Las Vegas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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The average cost of a wedding is between $23,000 and $33,000."},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/vitalvegas\/mandarin-oriental-sold-might-know-buyer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.casino.org\/vitalvegas\/"},{"@type":"ListItem","position":2,"name":"Las Vegas","item":"https:\/\/www.casino.org\/vitalvegas\/vegas\/"},{"@type":"ListItem","position":3,"name":"Mandarin Oriental Sold and We Might Know the Buyer"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/vitalvegas\/#website","url":"https:\/\/www.casino.org\/vitalvegas\/","name":"Vital Vegas","description":"Essential Las Vegas News, Tips, Deals and WTF.","publisher":{"@id":"https:\/\/www.casino.org\/vitalvegas\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/vitalvegas\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.casino.org\/vitalvegas\/#organization","name":"Vital Vegas","url":"https:\/\/www.casino.org\/vitalvegas\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/vitalvegas\/#\/schema\/logo\/image\/","url":"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2016\/10\/vital_vegas_logo.jpg","contentUrl":"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2016\/10\/vital_vegas_logo.jpg","width":800,"height":533,"caption":"Vital Vegas"},"image":{"@id":"https:\/\/www.casino.org\/vitalvegas\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/VitalLasVegas","https:\/\/x.com\/vitalvegas"]},{"@type":"Person","@id":"https:\/\/www.casino.org\/vitalvegas\/#\/schema\/person\/c4d18a46e6ee47e7841b986c288f333e","name":"Scott Roeben","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/vitalvegas\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2021\/07\/author-logo-lg-96x96.png","contentUrl":"https:\/\/www.casino.org\/vitalvegas\/wp-content\/uploads\/2021\/07\/author-logo-lg-96x96.png","caption":"Scott Roeben"}}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/posts\/19923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/comments?post=19923"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/posts\/19923\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/media?parent=19923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/categories?post=19923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/vitalvegas\/wp-json\/wp\/v2\/tags?post=19923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}