LOS ANGELES, Oct 5 (Reuters) - Prices for condominiums at CityCenter, the Las Vegas Strip complex being built by partners MGM Mirage and Dubai World, will be reduced by 30 percent, the companies said on Monday.
The price cut will be offered at closing to existing buyers of units at CityCenter's three residential offerings: The Residences at Mandarin Oriental, Veer Towers and Vdara Condo Hotel. The towers include a total of 2,400 condominium units.
'We are currently scheduling one-on-one meetings with our buyers,' Tony Dennis, executive vice president of CityCenter's residential division, said in a statement.
The 67-acre complex of casinos, hotels, condominiums and shops will begin a phased opening on the Las Vegas Strip in December.
Shares of MGM which rose 4.3 percent to close at $11.54 on the New York Stock Exchange, were not trading after hours.
(Reporting by Deena Beasley; Editing by Richard Chang) Keywords: MGMMIRAGE/ (deena.beasley@thomsonreuters.com; 1-213-955-6746) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The price cut will be offered at closing to existing buyers of units at CityCenter's three residential offerings: The Residences at Mandarin Oriental, Veer Towers and Vdara Condo Hotel. The towers include a total of 2,400 condominium units.
'We are currently scheduling one-on-one meetings with our buyers,' Tony Dennis, executive vice president of CityCenter's residential division, said in a statement.
The 67-acre complex of casinos, hotels, condominiums and shops will begin a phased opening on the Las Vegas Strip in December.
Shares of MGM which rose 4.3 percent to close at $11.54 on the New York Stock Exchange, were not trading after hours.
(Reporting by Deena Beasley; Editing by Richard Chang) Keywords: MGMMIRAGE/ (deena.beasley@thomsonreuters.com; 1-213-955-6746) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
© 2009 AFX News
