New Owner At The Hard Rock
For more than $700 million you too could have bought the Hard Rock Hotel and Casino here in Las Vegas Nevada. But instead Morgans Hotel Group purchased the property after months of speculation.
Morgans Hotel Group is a company that has upscale properties in New York and Miami.
Owner of the Hard Rock Peter Morton announced the sale of the Las property for $770 million on Thursday.
Most of the money from the Hard Rock will go directly into Morton’s pocket. The Hard Rock brand was started by Morton back in 1971 with a partner and they went on to open Hard Rock Cafes all over the globe in the early 80’s and opened the Hard Rock hotel and casino in Las Vegas 1995.
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