{"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":"\n

MGM Resorts International recently announced it would sell the Mandarin Oriental in Las Vegas for $214 million.<\/p>\n

It’s anticipated the deal will close this summer, but so far, the buyer of the non-gaming Mandarin Oriental hotel hasn’t been announced.<\/p>\n

We love a good mystery!<\/p>\n

\"Mandarin
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

For some time, insiders believed Mandarin Oriental could become a Ritz-Carlton, then employees learned the buyer is a “private investor.”<\/p>\n

The latest rumblings are the buyer of Mandarin Oriental could be Kam Sang Co., the owner of Hilton Lake Las Vegas.<\/p>\n

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

The California-based Kam Sang Co. is controlled by real estate investor Man Ho Lam, better known by his nickname, “Ronnie” Lam.<\/p>\n

If this rumor pans out, it’s probably for the best Mandarin Oriental is a non-gambling hotel. Man Ho Lam was previously denied a gaming license<\/a> when the Nevada Gaming Control Board found he “failed to satisfy their burden of proving their qualification to be licensed.”<\/p>\n

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

Again, this is just a rumor, until it’s not. If it’s in a news release, it’s too late. Our inquiry to the company received no response.<\/p>\n

It’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

Update (5\/7\/18): We’ve now heard employees believe Mandarin Oriental could become part of the Curio Hotel by Hilton family.<\/p>\n

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

\"Waldorf
Let’s hope the Waldorf Astoria Las Vegas is as fancy as it sounds.<\/figcaption><\/figure>\n

As further confirmation, the domain 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

We hear August 30, 2018 is the last day for Mandarin Oriental Las Vegas.<\/p>\n

Update (5\/16\/18): It’s been confirmed<\/a> Mandarin Oriental will be a Waldorf Astoria.<\/p>\n

Update (8\/30\/18): It’s been confirmed<\/a> the buyers of Mandarin Oriental are “commercial real estate developer Tiffany Lam and the co-founders of the Panda Express restaurant chain Andrew and Peggy Cherng.”<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts International recently announced it would sell the Mandarin Oriental in Las Vegas for $214 million. It’s anticipated the deal will close this summer, but so far, the buyer of the non-gaming Mandarin Oriental hotel hasn’t been announced. We love a good mystery! For some time, insiders believed Mandarin Oriental could become a Ritz-Carlton, […]<\/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":[],"acf":[],"yoast_head":"\nMandarin 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\" href=\"https:\/\/www.casino.org\/vitalvegas\/mandarin-oriental-sold-might-know-buyer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mandarin Oriental Sold and We Might Know the Buyer\" \/>\n<meta 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