MGM - Hyatt termination coming soon. (Rumour)
Mar 10, 23, 10:49 pm
#1
Original Poster
Join Date: Jun 2008
Location: US
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MGM - Hyatt termination coming soon. (Rumour)
There was a thread earlier about this that was closed based on rumors.
Now I'm confident this is happening.
https://www.prnewswire.com/news-rele...301747972.html
Investors were told that Hyatt will terminate the MGM relationship and this will be the only full service Hyatt in Las Vegas. I don't know about the timing. It probably won't happen till some of the renovations are complete.
Now I'm confident this is happening.
https://www.prnewswire.com/news-rele...301747972.html
Investors were told that Hyatt will terminate the MGM relationship and this will be the only full service Hyatt in Las Vegas. I don't know about the timing. It probably won't happen till some of the renovations are complete.
Mar 10, 23, 11:16 pm
#2
Join Date: Dec 2007
Location: SFO
Posts: 4,819
There was a thread earlier about this that was closed based on rumors.
Now I'm confident this is happening.
https://www.prnewswire.com/news-rele...301747972.html
Investors were told that Hyatt will terminate the MGM relationship and this will be the only full service Hyatt in Las Vegas. I don't know about the timing. It probably won't happen till some of the renovations are complete.
Now I'm confident this is happening.
https://www.prnewswire.com/news-rele...301747972.html
Investors were told that Hyatt will terminate the MGM relationship and this will be the only full service Hyatt in Las Vegas. I don't know about the timing. It probably won't happen till some of the renovations are complete.
Mar 11, 23, 4:34 am
#3
FlyerTalk Evangelist
Join Date: Aug 2011
Location: Barcelona, London, on a plane
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This deal was announced two years ago, and only now the capital has been raised to fund the refurbishment?
In what bizarre alternative universe would Hyatt then rush to terminate the MGM relationship based on adding a non-Strip property in 2025 or later? Because it doesn't like the money it gets paid by MGM to provide a stream of guests?
In what bizarre alternative universe would Hyatt then rush to terminate the MGM relationship based on adding a non-Strip property in 2025 or later? Because it doesn't like the money it gets paid by MGM to provide a stream of guests?
Mar 11, 23, 5:45 am
#4
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Bad thread title. Its like saying they will end all SLH partnerships in London just because there is a new PH opening.
Mar 11, 23, 6:33 am
#6
Join Date: Jul 2014
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There was a thread earlier about this that was closed based on rumors.
Now I'm confident this is happening.
https://www.prnewswire.com/news-rele...301747972.html
Investors were told that Hyatt will terminate the MGM relationship and this will be the only full service Hyatt in Las Vegas. I don't know about the timing. It probably won't happen till some of the renovations are complete.
Now I'm confident this is happening.
https://www.prnewswire.com/news-rele...301747972.html
Investors were told that Hyatt will terminate the MGM relationship and this will be the only full service Hyatt in Las Vegas. I don't know about the timing. It probably won't happen till some of the renovations are complete.
Mar 11, 23, 7:21 am
#7
Join Date: Jan 2020
Location: Houston
Programs: UA, Hyatt Globolist, Marriott Pla, Hilton Diamond
Posts: 45
Suggest to change the title. Can't see this happening from this article.
Mar 11, 23, 9:30 am
#8
Original Poster
Join Date: Jun 2008
Location: US
Programs: AA EXP 1MM, Starwood Gold, Hyatt Diamond
Posts: 1,014
I understand if people are cynical, but we were pitched the investment by the ibankers for Grandscape and have the investment deck. Rio is going to become a convention hotel with a Hyatt badgea and as part of the exclusive deal, Hyatt will terminate MGM relationship.
Last edited by krazieman; Mar 11, 23 at 9:46 am
Mar 11, 23, 9:55 am
#9
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Unless Grandscape have told you how much they are paying Hyatt for this "Las Vegas exclusivity", I call BS...
Mar 11, 23, 10:05 am
#10
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Yeah, except since investors relied on this, the underwriting bank and Grandscape would be subject to shareholder lawsuits. and yes, they disclosed how much Hyatt is getting paid for management along with the gaming management.
Mar 11, 23, 10:07 am
#11
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Moderator: Can you close this thread? I was trying to be helpful and share information that I learned recently but instead all these posters here are just tools.
Mar 11, 23, 10:08 am
#12
formerly a193991
Join Date: Dec 2014
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Rio Las Vegas becoming "multiple Hyatt full-service" properties
fact remains, that neither MGM nor Hyatt is mentioned in the article.
speculation again.
Mar 11, 23, 10:13 am
#13
Join Date: Oct 2021
Location: Bay Area
Posts: 302
Provide some screenshots or other evidence then if you have the pitch materials. People are skeptical because youve provided zero proof and there was already a whole thing before where someone posted about the relationship ending, bloggers ran with it, and nothing happened.
Mar 11, 23, 10:26 am
#14
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Provide some screenshots or other evidence then if you have the pitch materials. People are skeptical because youve provided zero proof and there was already a whole thing before where someone posted about the relationship ending, bloggers ran with it, and nothing happened.
Mar 11, 23, 10:59 am
#15
Join Date: Jan 2008
Posts: 3,453
I am going to go out on a limb here and say that I believe this. Seems like a strange thing to flex and lie about and the kinds of things the OP has said with relation to what they are claiming makes me think they have access to the documents that explicitly mention this and the article was simply a reference to the investor pitch they are referring to. This will be a sad loss if/when it happens.
