Marriott and MGM Resorts partner on Las Vegas Strip booking deal
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Marriott International (NASDAQ:MAR) moved higher on Monday after the hotel operator struck a long-term licensing deal with MGM Resorts International (NYSE:MGM).
Beginning in October, several MGM Collection with Marriott Bonvoy resorts will be available for booking on Marriott's digital platforms. All properties are expected to be available by the end of the year. The resorts will also continue to be available on MGM Resorts' channels.
The agreement between MGM Resorts (MGM) and Marriott (MAR) is also anticipated to benefit members of both companies' loyalty programs. Members of MGM Rewards, MGM Resorts' acclaimed loyalty platform with more than 40 million members globally, will be eligible to link accounts with Marriott Bonvoy and receive select member benefits. Members of Marriott Bonvoy will be able to earn and redeem points for stays at all MGM Collection with Marriott Bonvoy properties.
Of the 17 MGM resorts that will join the MGM Collection with Marriott Bonvoy, four properties will also be affiliated with existing Marriott Collection brands. Bellagio Resort & Casino will join The Luxury Collection, ARIA Resort & Casino will join Autograph Collection, Park MGM will become part of Tribute Portfolio, and The Cosmopolitan of Las Vegas will continue its affiliation with Autograph Collection. Eight MGM resorts in Las Vegas will join MGM Collection with Marriott Bonvoy: Vdara Hotel & Spa, MGM Grand Hotel & Casino, NoMad Las Vegas, The Signature at MGM Grand, Mandalay Bay Resort and Casino, New York-New York Hotel & Casino, Luxor Hotel and Casino, and Excalibur Hotel & Casino. Five MGM Resorts in other U.S. locations will also join MGM Collection with Marriott Bonvoy: Borgata (Atlantic City, New Jersey), Beau Rivage (Biloxi, Mississippi), MGM Grand Detroit (Michigan), MGM National Harbor (Maryland), and MGM Springfield (Massachusetts).
"This historic, long-term agreement brings together two of the most trusted and iconic brands in hospitality and entertainment," said MGM Resorts (MGM) CEO Bill Hornbuckle. 
Shares of Marriott (MAR) moved up 1.45% in mid-day trading on Monday. MGM Resorts (MGM) was down 0.66%.
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