With the lighting of its new marquee and hotel tower signs, Monte Carlo officially shed its name this week for a new identity, Park MGM, making way for the resort set for completion later this year. Following a transformation that will touch every element of the central Strip property, Park MGM is a welcoming social hub that evokes the residential spirit, intimacy and individuality of a boutique experience on a resort scale.

A partnership between Sydell Group and MGM Resorts International, Park MGM was born from the collaborative vision of the New York-based lifestyle hotelier and one of the world's preeminent destination resort developers. When complete, the project will comprise two new distinct experiences: Park MGM, and a Las Vegas version of the renowned NoMad, a standalone 292-room hotel encompassing the tower's top four floors.

"It's a very special moment seeing this ambitious idea begin to come to life," said Andrew Zobler, founder and CEO of Sydell Group. "Together with MGM, we were able to rethink every element of the guest experience and create something personal on a grand scale."

"The opening of Park MGM, and soon NoMad, will tie together the entire neighborhood we've created with The Park, T-Mobile Arena and CityCenter," said Jim Murren, chairman and CEO of MGM Resorts. "We are grateful to Andrew and the team at Sydell Group for sharing our vision to deliver a destination that embraces its surroundings and speaks to a new generation of travelers."

Beginning with the opening of the 5,200-seat Park Theater in December 2016, the resort has unveiled several new amenities including completely reimagined guestrooms and suites, food and beverage offerings, lounges, pools, meeting spaces and more. The evolution of the Park MGM experience will continue throughout 2018 with the addition of nightlife; a new dining concept from Roy Choi embracing the energy of Los Angeles' Koreatown; an Eataly marketplace designed specifically for Las Vegas; and the launch of Lady Gaga's highly anticipated special engagement, among other elements.

NoMad Las Vegas is planned to open within Park MGM in Fall 2018 with 292 guestrooms and suites; a dedicated entrance and lobby; high-limit gaming; a private pool environment; and the Las Vegas debut of Chef Daniel Humm and restaurateur Will Guidara, the visionaries behind the world's best restaurant, Eleven Madison Park.

Additional details about the experiences still to come will be shared in the months ahead as the resort continues to take shape.