![]() “We are confident that together with Warner Gaming, we will be able to successfully restructure this business and return it to profitability. “The Hard Rock Hotel and Casino has significant brand recognition and a valuable position within the Las Vegas community,” Andrew Willis, senior vice president, communications and media with Brookfield Asset Management, said. It also ends Morgans Hotel Group Co.’s management agreement for the property that stands along Paradise Road just east of the Strip. The settlement agreement transfers a joint venture’s equity stake in the Hard Rock Hotel to a fund controlled by Brookfield Asset Management. said Wednesday it had assumed ownership of the financially troubled Hard Rock Hotel in Las Vegas after closing on a settlement agreement with its borrowers.
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