by Michael J. Shapiro | November 17, 2010

The Harmon Hotel & Spa, a 400-room nongaming boutique hotel planned for CityCenter in Las Vegas, will likely not open, according to MGM Resorts' third-quarter financial report. The company recorded a $279 million impairment charge upon concluding that it is unlikely the property will be completed using the building as it now stands. The Harmon's troubles started in 2008, when building inspectors uncovered construction problems that caused MGM to reduce the size and scope of the hotel. Current litigation between MGM and the construction contractors means that the project will probably remain in limbo at least until 2012, according to a story last week in the Las Vegas Review-Journal, although MGM reportedly is evaluating the possibility of demolishing the structure.