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Hard Rock Buyer

Author: Diana Heeb Bivona

Morgans Hotel Group Co. has agreed to buy the Hard Rock Hotel & Casino for $770 million in cash. The sale of the 647-room hotel and 30,000 square-foot casino on 41 acres near the Las Vegas Strip will net owner, Peter Morton more than $731 million. The Morgans Hotel Group owns and operates the Hudson, Morgans and Royalton in New York and the Delano in Miami, among other properties.

This entry was posted on Saturday, May 13th, 2006 at 2:14 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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