Hotel Development Las Vegas

Hilton's Waldorf Astoria to Debut in Las Vegas - AP

Excerpt from AP

Hilton will begin rebranding the Mandarin Oriental hotel on the Las Vegas Strip as a Waldorf Astoria Friday, a transition for the 389-room, casino-less property that will lead to renovations and mark the debut of another luxury brand on the world-famous corridor.

The name change this week will come after a company with ties to a California-based commercial real estate developer and the founders of Panda Express restaurants finishes the purchase of the property for about $214 million from a subsidiary of MGM Resorts International. The property also has 225 residential units.

"We've been looking to enter the Vegas market for some time," Dino Michael, global brand head of Waldorf Astoria Hotels and Resorts, said in an interview. "It just felt (like) somewhere we needed to be."

The property is part of a complex that includes the Aria casino-resort, Vdara hotel, Veer Towers condominiums and an upscale shopping mall.

The Mandarin Oriental's management agreement was cancelled as a result of the property's sale. Under that brand, the hotel featured a strong Asian flair, which Hilton intends to change over time.

"First and foremost, what we want when you arrive into our hotels is to have a real sense of place," Michael said. "I think if you arrive to our hotel and you don't get a sense of geography or location, I think we've probably failed to meet the luxury guest expectation."

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