This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Starting this September, you’ll no longer be able to stay at the Mandarin Oriental, Las Vegas.

The iconic hotel received a notice terminating its management agreement this past week, following the property’s sale to an undisclosed buyer for $214 million. Vital Vegas suggests that the buyer may be California-based investor Man Ho “Ronnie” Lam, owner of the Hilton Lake Las Vegas.

The 392-room Mandarin Oriental, Las Vegas opened in December 2009, and is one of only 13 properties around the world to hold the Triple Forbes Five Star Award: three five-star ratings for the hotel, the spa and the hotel’s signature restaurant – an award the Mandarin Oriental has held for seven consecutive years.

Instead, Waldorf Astoria will take over management of the property, beginning in late summer 2018. After a $50 million renovation, the Waldorf Astoria Las Vegas will be one of two non-gaming properties at the CityCenter, although the hotel is adjacent to Aria and its affiliated casino. (Vdara is the other CityCenter hotel without a casino.)

Waldorf Astoria is part of the Hilton brand, and therefore, Hilton Honors points will most likely apply to stays at its new management property in Sin City. TPG reached out to Hilton for confirmation on this but did not hear back by time of publication.

Not all patrons are excited about the management change:

This will be the Waldorf Astoria’s first foray into the Strip and part of the hotel chain’s planned expansion into the western US. Waldorf Astoria opened a Beverly Hills location in 2017, and it has planned another development in San Francisco to launch sometime within the next three years.

Featured image courtesy of The Points Guy.

The best beginner points and miles card out there.
Chase Sapphire Preferred Credit Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
17.74% - 24.74% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.