Blackstone Real Estate Income Trust Inc., New York, and VICI Properties Inc. announced jointly a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of $1.27 billion.
Tag: VICI Properties
Dealmaker: Sands to Sell Las Vegas Properties for $6.25B
Las Vegas Sands Corp. agreed to sell its Las Vegas real property and operations including The Venetian Resort Las Vegas and the Sands Expo and Convention Center for $6.25 billion.