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#63745 - 08/17/10 10:16 PM m-resort
dagseattle Offline
Member

Registered: 12/03/02
Posts: 1227
Loc: home

   m-resort
   m-resort
per the review-journal: the m resort is for sale.even after reading the article you won't understand the financing involved. atleast i don't

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#63747 - 08/18/10 07:51 AM Re: m-resort [Re: dagseattle]
JMT Offline
Member

Registered: 08/01/01
Posts: 6002
Loc: Las Vegas NV , USA
I have only in the M once and I don't read the RJ. The Marnell family is smart and rich. I saw a lot of things in the M that tourists and locals could enjoy. I also saw a lot of areas that were not generating revenue, so I can understand if the balance sheet is unbalanced.

I can believe some of the creative financing in the economic times of when the M was built is starting to sour. I doubt if the Marnells are in the panic mode or eager to bail out.

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#63749 - 08/18/10 10:02 AM Re: m-resort [Re: JMT]
will800 Offline
Member

Registered: 08/12/99
Posts: 1814
Loc: Honolulu, Hawaii, USA
JMT, I believe that the Marnells are making an offer themselves to buy the bank's position.

The family does a great job managing the resort and 'elevated' the Rio from its original 'dive' category by offering great dining opportunities.

And they seem to have continued to do that at the 'M', but in this case the 'M' was build to be a very nice place from the ground up.

But if Stations gets involved, you can expect to see a horse of a different color.

The only think I dislike about the 'M' is the fact that they charge resort fees even if you don't want anything to do with anything on that Resort Fee list.

Free city phone service ... I got my own cell phone.
Free airport pickup .... I drive my own car or rent one upon arrival.
Pool access .... Big deal!!
Free turn down service with a choclate bar on your pillow. (I hate that.)
And other similar nonsense which I believe costs an additional $30.

I'd rather lose that 30 at the table or pay for a handful of decent sized Martinis.

Shaken not stirred!.
_________________________
will800

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#63751 - 08/18/10 09:01 PM Re: m-resort [Re: will800]
Las Vegan Cajun Offline
Member

Registered: 03/01/01
Posts: 1339
Loc: LA$ VEGA$
Quote:
The only think I dislike about the 'M' is the fact that they charge resort fees even if you don't want anything to do with anything on that Resort Fee list.


That's why I'm liking GVR, I just booked a room for Labor Day (full comp & resort fee waived). cool
_________________________
Ralph In LA$ VEGA$

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