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M Resort Hotel History
M Resort Spa Casino is a luxury boutique hotel and casino on approximately 90 acres at the southeast corner of Las Vegas Boulevard and St. Rose Parkway south of Mandalay Bay), in Henderson, Nevada. It is located near the affluent neighborhood of Southern Highlands and the proposed Southern Highlands Resort. The hotel includes a 92,000-square-foot casino and a 390 room boutique hotel. In 2009, the hotel received the prestigious Forbes Four-Star Award, adding to the company's list of international, luxury hotels.
Anthony Marnell III is the son of Tony Marnell , who has developed resorts such as Caesars Palace, Wynn Las Vegas, and the Bellagio. Anthony Marnell III acquired the land for the resort for $240 million. MGM Mirage announced a $160 million investment in the resort on April 26, 2006. The total cost of the completed project was $1 billion. Marnell Corrao Associates was responsible for development, master-planning, interior design, construction/design/program management, FFE procurement, property management, as well as being the executive design architect, architect of record, and general contractor.
The resort opened to the public on March 1, 2009.
On October 8, 2010, the resort's debt was bought by Penn National Gaming for $390.5 million. This covered $230.5 million for the debt held by the Bank of Scotland and $160 million for the MGM Resorts International investment.
For Christmas 2009, the resort placed on display the tallest Christmas tree in the United States. The 109-foot tree was lit in a ceremony on December 12, 2009. For the last few years, a tree at Fashion Island had been the nation's tallest.