LAS VEGAS, Nev. (FOX5) - Another iconic property will be added to the Las Vegas Strip later this year, according to MGM.

In a release on Monday, MGM Resorts International and Marriott International, Inc. announced that an iconic property will be converted to the W Hotels brand. The arrival of W Hotels has been highly anticipated since the licensing agreement was announced in July 2023.

A spokesperson for MGM confirmed that the Delano will be converted to the new W Las Vegas property. However, the official date of the switch is not yet clear.

"Our relationship with Marriott has far exceeded our expectations, demonstrating the power of its brand portfolio and the strength of its distribution channels," said Steve Zanella, President of MGM Resorts Operations. "W Las Vegas, the latest hotel to come to life as part of our collaboration, will allow our guests to access a new luxury lifestyle experience recognized worldwide for its distinct personality, dynamic programming, and elevated service culture."

"We're thrilled to continue working with MGM to bring W Las Vegas to the legendary Las Vegas Strip," said Leeny Oberg, Marriott International Chief Financial Officer and EVP of Development. "This agreement is a pivotal moment in our collaboration, which continues to expand hospitality and entertainment offerings for guests. As a luxury brand rooted in bold design and nightlife, W Hotels is well-positioned to elevate experiences for travelers in this destination."

Officials also hinted at additional plans for the property, which will be announced in the future.