MGM Resorts International (NYSE: MGM) and Marriott International, Inc. (Nasdaq: MAR) announced plans to convert an iconic property on the Las Vegas Strip to the W Hotels brand within the Marriott Bonvoy® portfolio,

In a release on Monday, MGM Resorts International and Marriott International, Inc. announced that an iconic property will be converted to the W Hotels brand. The arrival of W Hotels has been highly anticipated since the licensing agreement was announced in July 2023.

Marriott International, Inc. and MGM Resorts International have entered into an agreement to convert a hotel on Las Vegas’s Mandalay Bay Campus into the W Las Vegas, which will open later this year. W Las Vegas is part of the two companies’ long-term strategic licensing agreement that was announced in July 2023 and began in March of this year.