MGM Earmarks $110M for Bellagio Upgrades, 2024 Enhancements Planned

April 4, 2023
Latest company news about MGM Earmarks $110M for Bellagio Upgrades, 2024 Enhancements Planned

MGM Resorts International has pledged to spend $110 million on Bellagio enhancements, including all rooms and suites in the Spa Tower.

MGM

Bellagio on the Las Vegas Strip. Operator MGM Resorts is planning $110 million in room upgrades there. (Image: BuzzFeed News)

The Spa Tower redesign pertains to 819 guest rooms and 104 suites, and is slated to wrap up in October. It comes on the heels of a recent remodel of more than 2,500 guest rooms in Bellagio’s main tower. The Spa Tower renovations are said to be inspired by Lake Como in Italy.

Bellagio Spa Tower suites will feature sophisticated design elements, custom furnishings and art influenced by high Italian style and couture, while color palettes draw inspiration from the natural vibrancy of Lake Como and the Alps,” according to a statement.

MGM operates the famed Las Vegas Strip venue, while its property assets are owned by Blackstone Real Estate Income Trust (BREIT), which is controlled by private equity giant Blackstone. BREIT completed its $4.25 billion purchase of the venue in November 2019. Bellagio is the lone domestic gaming venue operated by MGM where the real estate is not owned by VICI Properties.

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