When frequent MGM Grand guest Omead Jafroodi learned the resort was building a condominium-hotel with Turnberry Associates, he knew it would be a success.
"Turnberry and MGM Grand were the first to market the condominium-hotel concept in Las Vegas, and they are two companies with a proven track record," said Jafroodi, who owns a distribution company in Los Angeles. "The successful brand recognition of Turnberry and MGM Grand reinforced my decision to purchase a condominium."
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Jafroodi and two of his friends purchased a studio residence in the first tower.
"I vacation in Las Vegas as well as conduct business there so having a place of my own to stay when I'm in town makes perfect sense," he said. "Plus, MGM Grand has a wide variety of restaurants and entertainment options so the location is ideal."
The Residences will comprise 1,727 units in three 40-story towers on the northeast end of the hotel's 116-acre property.
Fully-furnished studio, one- or two-bedroom suites are available, and feature crown moldings.
Each tower will feature 24-hour front desk and concierge services, in-suite dining, a guarded security entrance, fitness center, and a swimming pool complex.
The first two towers are sold out and sales are under way for the third. Prices range from $600,000 to more than $2.5 million.
Residents will have access to the hotel's amenities, such as an outdoor complex with five swimming pools and private cabanas, the Grand Spa with 30 treatment rooms, signature and casual restaurants, shopping outlets, and entertainment.
A 6,000-square-foot model residence and sales office, located inside the Studio Walk, is open from 9 a.m. to 7 p.m. daily.
