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M Resort
M Resort Spa Casino is a boutique hotel, spa, and casino in Henderson, Nevada. Located eight miles south of the Las Vegas Strip, it is the southernmost casino in the Las Vegas Valley. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment.
The M is named after the Marnell family. Marnell Corrao Associates, designed and built the M Resort. Construction began on September 1, 2007, and the resort opened on March 1, 2009, amid the Great Recession. In 2010, Penn National Gaming (now Penn Entertainment) purchased $860 million in debt that the resort owed, before taking over complete ownership of the property in 2011. In 2019, the M entered a partnership with the Las Vegas Raiders football team, which now rents out the hotel before games.
The M opened with a 92,000 sq ft (8,500 m2) casino and a 16-story tower with 390 rooms. A second tower is scheduled to open in late 2025, bringing the room count to 765.
The M Resort is named after the Marnell family. It was proposed by Anthony Marnell III, whose father, Tony Marnell, built and operated the Rio resort in the Las Vegas Valley. Tony's company, Marnell Corrao Associates, would design and build the M. The project received preliminary approval from the city of Henderson in October 2005.
In April 2007, MGM Mirage was announced as a financial partner in the project, providing $160 million. The company learned of the M project while in negotiations to sell two of its casinos to Anthony Marnell. Bank of Scotland also provided financing. Construction began on September 1, 2007, and lasted 18 months.
The M was built at the southeast corner of Las Vegas Boulevard and St. Rose Parkway, in an area that was expected to see significant future development. The resort was built on property that was previously occupied by the Last Call Tavern truck stop. Anthony Marnell had an 80-acre site, although he only planned to use a portion of it initially, with the potential for future expansion.
In May 2008, Marnell announced plans for a 1-million-square-foot shopping mall to be added to the resort within four years. It would be built and operated by Taubman Centers, and would be the first mall in the area. Plans for the retail mall and a potential hotel expansion were later canceled, due to the Great Recession. A Galaxy Theatres had also been planned for the resort, but was never built. Construction proceeded on the rest of the resort, although Marnell did have concerns about opening during the economic downturn.
The resort was worth $1 billion, including $700 million for construction and a $300 million value for the land. Each week during construction, Marnell met regularly with contractors and designers to keep construction costs on budget. The hotel tower was topped off on August 8, 2008.
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M Resort
M Resort Spa Casino is a boutique hotel, spa, and casino in Henderson, Nevada. Located eight miles south of the Las Vegas Strip, it is the southernmost casino in the Las Vegas Valley. It is owned by Gaming and Leisure Properties and operated by Penn Entertainment.
The M is named after the Marnell family. Marnell Corrao Associates, designed and built the M Resort. Construction began on September 1, 2007, and the resort opened on March 1, 2009, amid the Great Recession. In 2010, Penn National Gaming (now Penn Entertainment) purchased $860 million in debt that the resort owed, before taking over complete ownership of the property in 2011. In 2019, the M entered a partnership with the Las Vegas Raiders football team, which now rents out the hotel before games.
The M opened with a 92,000 sq ft (8,500 m2) casino and a 16-story tower with 390 rooms. A second tower is scheduled to open in late 2025, bringing the room count to 765.
The M Resort is named after the Marnell family. It was proposed by Anthony Marnell III, whose father, Tony Marnell, built and operated the Rio resort in the Las Vegas Valley. Tony's company, Marnell Corrao Associates, would design and build the M. The project received preliminary approval from the city of Henderson in October 2005.
In April 2007, MGM Mirage was announced as a financial partner in the project, providing $160 million. The company learned of the M project while in negotiations to sell two of its casinos to Anthony Marnell. Bank of Scotland also provided financing. Construction began on September 1, 2007, and lasted 18 months.
The M was built at the southeast corner of Las Vegas Boulevard and St. Rose Parkway, in an area that was expected to see significant future development. The resort was built on property that was previously occupied by the Last Call Tavern truck stop. Anthony Marnell had an 80-acre site, although he only planned to use a portion of it initially, with the potential for future expansion.
In May 2008, Marnell announced plans for a 1-million-square-foot shopping mall to be added to the resort within four years. It would be built and operated by Taubman Centers, and would be the first mall in the area. Plans for the retail mall and a potential hotel expansion were later canceled, due to the Great Recession. A Galaxy Theatres had also been planned for the resort, but was never built. Construction proceeded on the rest of the resort, although Marnell did have concerns about opening during the economic downturn.
The resort was worth $1 billion, including $700 million for construction and a $300 million value for the land. Each week during construction, Marnell met regularly with contractors and designers to keep construction costs on budget. The hotel tower was topped off on August 8, 2008.
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