Packages will fade as more tenants take advantage of favorable lease terms, the development pipeline tapers off, sublease space is absorbed, and the newest and most efficient space is leased, says JLL.

The Hotel is located at the entryway of CityCenter and in the heart of the Las Vegas Strip featuring 392 guestrooms, including 57 suites, 12,000 square feet of meeting space, five food and beverage outlets, and a two-level 27,000 square-foot spa.

Quality Care Properties has also entered into an agreement with ProMedica Health System for it to acquire HCR ManorCare when it completes its Chapter 11 bankruptcy.