U.S. Hotel Operations Are Trending Well For MGM Resorts

ADR for MGM's hotels in the U.S. is around $130 currently with occupancy levels of more than 90%, translating into annual revenues of $1.6 billion in 2013. The estimated EBITDA margin of 46% for the U.S. hotels translates into EBITDA of over $700 million, representing 31% of MGM's overall EBITDA for 2013.