From: Toronto, Ontario, Canada

At the hotel, we got our room with the balcony we requested. The Signature is a condo hotel, and our room (22-617) was really nice. Large bathroom with two sinks, TV, huge whirlpool tub, shower, and a separate room for the toilet. The bed was very comfortable with 300-thread count sheets. The kitchen had a fridge, cook top, microwave, blender, toaster, coffee maker, and the cupboards and drawers had all the necessary stuff such as dishes, glassware, cutlery, cooking supplies, etc. There was also a sitting area with a desk, coffee table, chairs, sofa, etc. During our trip, we picked up bread, juice, butter, jam, pop, etc. and were able to eat in our room when we didn’t want to go out for some overpriced snacks or pay for room service.

Expedia® Insiders’ Select™, an exclusive list of the site’s favorite hotels worldwide, ranks Bellagio, The Signature at MGM Grand and THEhotel at Mandalay Bay among its top destination resorts for 2008.

The MGM MIRAGE properties are among just six chosen for Las Vegas.

"The Expedia® Insiders’ Select™ list is an annual award recognizing the very best hotels, as judged by the experiences of our customers," said Paul Brown, president of Expedia. "The hotels on the list have been identified as consistently delivering excellent service, a great overall experience and notable value."

I just went to a great sales meeting where our CEO Mark Stark spoke to the entire office about our market and what to expect for buyers purchasing right now. That meeting got me to thinking about current market activity in certain communities I’ve blogged about so I decided to provide my readers and clients with data showing what’s moving. The first one I want to discuss is Signature at MGM Grand <—–Click Here for more info on this condo hotel project by Turnberry and MGM.

MGM Signature Las VegasThere are currently 12 condos in contract in Signature MGM Grand out of the 163 that are currently on the market. I was a little surprised to see that 5 of those units where Short Sales (where the seller owes more than what the unit is worth and they have to negotiate with the lender to take a loss). Click on the picture to the left to see which units are selling.

There have been 11 sales in Signature since Jan. 1st 2008. The huge price discrepancy comes from two units being wrapped into one purchase agreement. If you’d like to see which units actually closed as of April 9th for 2008, click on the picture to the right.