NoMad Las Vegas Set to Rebrand into The Reserve at Park MGM

Rhea-AI Summary

MGM Resorts (NYSE: MGM) announced that NoMad Las Vegas will begin transitioning to The Reserve at Park MGM, with the full rebrand effective December 17, 2025. The Reserve will include 293 rooms and suites and retain an elevated guest experience.

Several NoMad venues will be renamed: NoMad Pool → The Terrace Pool, NoMad Library → The Library, and NoMad Bar → The Reserve Bar. In early 2026, The Reserve is expected to join Marriott Bonvoy's Autograph Collection under MGM Resorts' licensing partnership, enabling booking and points earn/redeem via Marriott.com. Reservations open via mgmresorts.com and the MGM Rewards app starting December 17.

News Market Reaction – MGM

+0.43%

+0.43% Session close to close

In the Dec 1 session, MGM gained 0.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the rebranding of NoMad Las Vegas into The Reserve at Park MGM, including ...

Analysis

This announcement details the rebranding of NoMad Las Vegas into The Reserve at Park MGM, including 293 rooms and suites and new identities for key venues. It also outlines the expected early 2026 inclusion in Marriott Bonvoy’s Autograph Collection, expanding a partnership that will cover 13 Las Vegas Strip destinations. In context of recent Q3 results—net revenue of $4.25 billion alongside an operating loss of $113 million—observers may watch how premium branding and distribution partnerships influence future performance.

Key Figures

Room count: 293 rooms and suites Las Vegas destinations: 13 destinations Q3 2025 net revenue: $4.25 billion +5 more

8 metrics

Room count 293 rooms and suites The Reserve at Park MGM configuration

Las Vegas destinations 13 destinations MGM Collection with Marriott Bonvoy on the Las Vegas Strip

Q3 2025 net revenue $4.25 billion Q3 2025, up 2% year over year

Q3 2025 operating loss $113 million Driven by goodwill impairment and write-downs

Goodwill impairment $256 million Tied to Empire City in Q3 2025

Net loss per share $1.05 Q3 2025 loss per share

Operating cash flow $1.87 billion Nine months ended Q3 2025

Share repurchases $711 million About 22 million shares repurchased over nine months

Historical Context

5 past events · Latest: Dec 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Dec 04	New restaurant opening	Positive	-0.4%	Launch of Gymkhana fine-dining venue at ARIA on the Las Vegas Strip.
Dec 01	Hotel rebranding	Neutral	+0.4%	Rebranding NoMad Las Vegas to The Reserve at Park MGM with venue renames.
Dec 01	Sports betting launch	Positive	+0.4%	Century Casinos opens BetMGM retail and online sports betting in Missouri.
Dec 01	Sports betting launch	Positive	+0.4%	BetMGM begins statewide mobile and retail sports betting in Missouri.
Nov 13	Resort remodel	Positive	-1.1%	Completion of $300 million MGM Grand room and suite remodel in Las Vegas.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent property, branding and digital expansion announcements have produced modest, often mixed, next-day price reactions.

Recent Company History

Over the past months, MGM highlighted several Las Vegas-focused upgrades and digital growth. The MGM Grand completed a $300 million room and suite remodel adding 111 suites and totaling 3,969 rooms. BetMGM expanded with statewide sports betting in Missouri and a new retail sportsbook opening on Dec. 1, 2025. ARIA introduced Gymkhana, a Two Michelin-starred concept, on Dec. 4, 2025. The current rebrand of NoMad into The Reserve at Park MGM continues this pattern of asset refresh and partnership-driven positioning on the Strip.

Key Terms

forward-looking statements, Form 10-K, Form 10-Q, Form 8-K

4 terms

forward-looking statements regulatory

"Statements in this release that are not historical facts are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 10-K regulatory

"described in the Company's Form 10-K, Form 10-Q and Form 8-K reports"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

Form 10-Q regulatory

"described in the Company's Form 10-K, Form 10-Q and Form 8-K reports"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

Form 8-K regulatory

"described in the Company's Form 10-K, Form 10-Q and Form 8-K reports"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LAS VEGAS, Dec. 1, 2025 /PRNewswire/ -- MGM Resorts International announced today that NoMad Las Vegas will begin to transition into The Reserve at Park MGM, with the full rebrand taking effect on December 17.

Consisting of 293 rooms and suites, The Reserve at Park MGM will continue to deliver the elevated and sophisticated experience guests have come to know and love. As part of the transition, several NoMad venues will unveil refreshed identities: NoMad Pool will be renamed The Terrace Pool; NoMad Library will become The Library; and NoMad Bar will be called The Reserve Bar.

In early 2026, it is anticipated The Reserve at Park MGM will join Marriott Bonvoy's vibrant Autograph Collection as part of MGM Resorts' long-term strategic licensing partnership with Marriott International that created MGM Collection with Marriott Bonvoy. At that time, Marriott Bonvoy members will be able to book stays through Marriott.com and earn and redeem points at The Reserve at Park MGM.

With the addition of The Reserve at Park MGM, MGM Collection with Marriott Bonvoy will encompass 13 destinations on the Las Vegas Strip, including Bellagio, a Luxury Collection Resort & Casino; ARIA Resort & Casino, Autograph Collection; The Cosmopolitan of Las Vegas, Autograph Collection; and Mandalay Bay Resort & Casino, MGM Collection, among others.

MGM Rewards members and guests may make reservations at The Reserve at Park MGM via mgmresorts.com and the MGM Rewards app starting December 17.

ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary LeoVegas AB offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its "Focused on What Matters: Embracing Humanity and Protecting the Planet" philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.

FORWARD LOOKING STATEMENTS
Statements in this release that are not historical facts are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and involve risks and/or uncertainties, including those described in the Company's public filings with the Securities and Exchange Commission. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. The Company has based forward-looking statements on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, the Company's expectations regarding the rebrand and transition to The Reserve at Park MGM. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise, and the Company may not be able to realize them. The Company does not guarantee that the transition and rebrand or other events described herein will happen as described (or that they will happen at all). These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include risks related to the economic and market conditions in the markets in which the Company operates and competition with other destination travel locations throughout the United States and the world, the design, timing and costs of conversion or expansion projects, risks relating to domestic and international operations, permits, licenses, financings, approvals and other contingencies in connection with growth in new or existing jurisdictions and additional risks and uncertainties described in the Company's Form 10-K, Form 10-Q and Form 8-K reports (including all amendments to those reports). In providing forward-looking statements, the Company is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If the Company updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements.

MEDIA CONTACT
Arlene Bordinhao
MGM Resorts International Public Relations
arlene@mgmresorts.com

 

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SOURCE MGM Resorts International

FAQ

What is changing when NoMad Las Vegas becomes The Reserve at Park MGM (MGM) on December 17, 2025?

The property will rebrand to The Reserve at Park MGM, keep 293 rooms and suites, and rename key venues to The Terrace Pool, The Library, and The Reserve Bar.

When will The Reserve at Park MGM (MGM) join Marriott Bonvoy Autograph Collection?

It is anticipated to join the Marriott Bonvoy Autograph Collection in early 2026, enabling Marriott bookings and points.

How can guests book The Reserve at Park MGM (MGM) starting December 17, 2025?

Reservations will be available via mgmresorts.com and the MGM Rewards app beginning December 17, 2025.

Will Marriott Bonvoy members be able to earn and redeem points at The Reserve at Park MGM (MGM)?

Yes; once The Reserve joins Autograph Collection in early 2026, Marriott Bonvoy members will be able to earn and redeem points and book via Marriott.com.

How many rooms does The Reserve at Park MGM (MGM) include after the rebrand?

The Reserve at Park MGM will consist of 293 rooms and suites.

Which other Las Vegas destinations are part of MGM Collection with Marriott Bonvoy alongside The Reserve at Park MGM (MGM)?

MGM Collection with Marriott Bonvoy will include 13 Strip destinations, such as Bellagio, ARIA, The Cosmopolitan, and Mandalay Bay, among others.