Marriott and MGM Sign Agreement to Launch W Las Vegas

Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced plans to convert an iconic property on the Las Vegas Strip to the W Hotels brand within the Marriott Bonvoy® portfolio, continuing the brand’s storied evolution. Anticipated to complete its conversion later this year, W Las Vegas marks the latest step in the companies’ long-term strategic licensing agreement announced in July 2023.