The M resort is a visit-worthy destination for the travelers and locals of Las Vegas who crave a five-star memory but without the bustle and hustle of the Vegas strip. The resort is situated nearly eight miles south of the Vegas Strip welcoming signboard at the entrance of the city. Henderson’s gaming complex visionary Anthony Marnell is once again targeting the region for further development.
Last week, the City Council of Henderson signed off on a contract that brings the city in an accord to sell around 8.95 acres of city land to Marnell. The agreement ensures that the price will be at least around $4.3 million. This acreage is designated for casino and hotel development and is placed directly across Saint Rose Parkway.
As the city plan has documented, Marnell evaluates that the proposed resort-casino may cost approximately $250 million without even including the land price. The Henderson project requires Marnell to pay the $4.3 million in cash.
Tony Marnell III, a legendary architect of Las Vegas, was the father of Anthony Marnell. The Marnell companies, a design, architecture, and construction firm, has been the to the Southern Nevada as Bellagio & Wynn to Las Vegas. Recently, the firm assisted the transition of Monte Carlo of MGM Resort into Park MGM.
Marnell has succeeded to learn from his past mistakes in installing a hotel-casino amidst global financial unrest. With coronavirus continuing to impede business and traveling internationally and domestically, Marnell states that the company may take some time in determining whether to sweep forward with its following Henderson project.
Before the COVID-19, GLPI and Penn National said that they had been fielding unsought interest in its all-other properties in Tropicana Las Vegas, and Southern Nevada. When the Strip Casino get sold, Jay Snowden, Penn CEO, believes that it could center its consumers to M Resort.
M Resort is located in an area which is getting benefit from a housing surge, with complexes apartment and communities of residentials constantly on the building. The latest NFL Raiders of Las Vegas exercise facilities which sit between Henderson Airport and M Resort are also evoking new investors to the region.