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Mandalay
Resort Group to Build
All-Suites Tower On Las Vegas Strip
LAS
VEGAS - Mandalay Resort Group announced May 23 plans to develop
a new 1,122 all-suite, 41-story tower connected to the Mandalay
Bay Resort & Casino at the southern end of the Las Vegas
Strip. Groundbreaking for the project will begin in September 2002,
with a targeted opening date of October 2003. Upon completion, the
new tower's 750-square foot suites will be the largest average room
size of any all-suites project on the Las Vegas Strip.
The new tower will specifically target attendees to the Company's
Mandalay Bay Convention Center, which will open in January 2003.
"This project will further enhance the power of our Mandalay
Mile as the most integrated resort complex in the world. It is yet
another asset that will drive our long term performance by further
segmenting our room offerings and driving REVPAR gains," said
Glenn Schaeffer, president of the Mandalay Resort Group. The Mandalay
Mile includes the Mandalay
Resort & Casino, Luxor,
and Excalibur.
Specific features of the tower include 1,122 suites; average suite
size of 750 square feet; 24 hospitality suites; a top-tier spa and
fitness center, a full-service business center; restaurant and lounge;
and complete access to all restaurants, shops and clubs at Mandalay
Resort & Casino.
Mandalay Resort Group owns and operates 11 properties in Nevada:
Mandalay
Bay Resort & Casino, Luxor,
Excalibur,
Circus
Circus, and Slots-A-Fun
in Las Vegas; Circus
Circus-Reno; Colorado
Belle and Edgewater
in Laughlin; Gold
Strike and Nevada
Landing in Jean and Railroad
Pass in Henderson. The
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