| The Signature at MGM Grand | |
|---|---|
| Alternative names | The Residences at MGM Grand The Residences: A Condo Hotel by Turnberry |
| General information | |
| Status | Operating |
| Type | Condo-Hotel |
| Location | Paradise, Nevada, U.S. |
| Address | 145 East Harmon Avenue |
| Coordinates | 36°06′24″N115°10′00″W / 36.1068°N 115.1667°WCoordinates: 36°06′24″N115°10′00″W / 36.1068°N 115.1667°W |
| Groundbreaking | 2004 |
| Construction started | 2004 |
| Opening | May 12, 2006; 13 years ago |
| Owner | MGM Resorts International Turnberry Associates[1] |
| Management | MGM Grand |
| Technical details | |
| Floor count | 38 |
| Other information | |
| Number of rooms | 1,728 |
| Parking | 400 |
| Website | |
| signaturemgmgrand.com | |
Photo 35 of 845 for Lucky Dragon Las Vegas - Las Vegas, NV.
The Signature at MGM Grand is a condo-hotel at the MGM Grand Las Vegas resort, in Paradise.
It was built by a partnership between MGM Mirage and Turnberry Associates on the location of the former MGM Grand Adventures Theme Park, though it officially holds an off-strip address of 145 East Harmon Avenue. It features three identical 38-story towers, each consisting of 576 fully furnished units.
Most of the condo units were to be privately owned. If a unit owner chooses, he or she may join the “rental program”, placing their units into the hotel's room inventory to be offered as luxury suites by The Signature when they are not occupied by the owner. The owner, minus fees for hotel maintenance, marketing, and upkeep, receives a split of the rental rate of the owner's unit.
Developer Turnberry/MGM Grand Towers filed for chapter 11 bankruptcy following the 2008 Great Recession. Owners of 545 condo units in turn sued the developer for fraud, alleging units were rented out at less than luxury rates.[2]
History[edit]
On December 20, 2003, MGM Resorts International and Turnberry Associates announced the formation of a partnership to build the luxury condo hotel, stating that they would build up to six towers each rising up to 40 stories. The first phase of this project involved the sales of condo units to individuals and investors. During this phase, the project was referred to as The Residences, The Residences at MGM Grand and/or The Residences: A Condo Hotel by Turnberry. The first tower sold out within 90 days, proving that the concept was well received. The second tower was already 50% sold by the time construction began in late 2004.
In October 2004, The Residences celebrated its ground-breaking, making it the first high-rise condo-hotel project overlooking the strip to begin construction. Other ventures of this type have begun since in Las Vegas, with many of them failing to obtain necessary financing and/or support. On May 12, 2006, the first tower opened for occupancy. The successful opening of The Signature at MGM Grand appears to be aided by its connection to the resources and amenities of The MGM Grand Hotel & Casino.
Amenities[edit]
Each tower has a private pool with a hot tub. Tower 1 has a cocktail lounge. Towers 1 and 3 have a workout room for the guests of all three towers. Starbucks is available at Tower 1. Signature guests have full access to all MGM Grand amenities as well.
Access To The MGM Casino[edit]
The Signature is connected to the main MGM Grand Casino via several moving walkways that traverse through two of the 3 towers (Tower 1 & 2). Tower 3 is accessible via a hallway between tower 2 and 3. Time to the main casino to the furthest tower (Tower 3) is about 8 minutes for the average walker.
Parking[edit]
There is no self parking on the Signature property, all parking is by valet. Each tower has valet parking on the ground level.
Gallery[edit]
Harmon Ave East
The Signature at MGM Grand, Las Vegas
File:The Signature at MGM Grand Tower
References[edit]
Lucky Dragon Las Vegas Wiki
- ^'Archived copy'. Archived from the original on 2016-05-25. Retrieved 2014-09-25.CS1 maint: archived copy as title (link)
- ^'Turnberry's bankruptcy merely a ploy, condo owners say'. 2015-07-13.
External links[edit]
| Wikimedia Commons has media related to The Signature at MGM Grand. |
The struggling Lucky Dragon resort has closed its casino and restaurants.
We were the first to report Lucky Dragon was recently put up for sale, and while the resort’s hotel continues to take reservations, entrances to the casino have “Casino Temporarily Closed” signs.
“Temporarily” sounds a little optimistic at this point.
Lucky Dragon’s casino and restaurants closed on Jan. 4, 2018.
Lucky Dragon has had a tumultuous history, including ongoing questions about whether the Asian-themed, boutique resort would be financed or completed.
Even a massive dragon couldn’t change Lucky Dragon’s fortune.
Lucky Dragon officially opened Dec. 3, 2016, thanks in great part to EB-5 financing. With EB-5 financing, investors (typically from Asia) contribute funds to projects and get green cards in return. In the case of Lucky Dragon, those investors will henceforth be referred to as “the monumentally screwed.”
Here’s a statement from Lucky Dragon.
Every time a Las Vegas casino closes, an showgirl loses her tassels.
Optimism for the win!
Despite a strong opening, Lucky Dragon failed to attract its intended customers (including snagging local Asian customers who frequent casinos like Gold Coast and Palace Station), and has made a number of changes to its restaurant offerings.
Normally, this would provide some consolition, but not so much.
Lucky Dragon’s challenging location, on Sahara, just off The Strip, near the Bonanza Gift Shop and SLS Las Vegas, made the resort an long shot, but sometimes in Vegas those pay off.
Lucky Dragon Las Vegas Wikipedia
A Lucky Dragon insider says wild swings in baccarat were major factor in the closure of the casino. Whales (however few) would win big, then leave for bigger resorts on The Strip with more amenities. Casinos obviously rely on guests staying on-site for a chance to win some back.
Remember, Las Vegas was built on miracles. We hope that’s what the future holds for Lucky Dragon.
We were rooting for Lucky Dragon, but haven’t visited in some time, despite the great rooms (we were quoted a rate of $45 for early February), welcoming casino and top-notch (although limited) cuisine.
We’ve heard Lucky Dragon would need at least $90 million from a buyer to cover its first and second (EB-5) tier investors.
It’s unknown what’s next for Lucky Dragon, but here’s hoping employees find other options as the resort tries to change its luck.