Month: January 2023

VICI Properties Inc. Completes Acquisition of Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture

January 9, 2023

VICI Properties Inc. (NYSE: VICI) announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of existing property-level debt.
Source: New feed

322 Room Grand Canyon Squire Inn Tusayan, Arizona Sold

January 9, 2023

The 322-room hotel and resort is located in Tusayan, Ariz. – only 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park. Terms of the purchase are not being disclosed.
Source: New feed

Seminole Casino Hotel Brighton Breaks Ground in Okeechobee, Florida

January 6, 2023

The new casino complex will include the first hotel to be built on the Brighton Seminole Reservation. It will feature 100 guest rooms on four stories, totaling 72,000 square feet. Guest rooms will include a mix of rooms with one king bed and two queen beds, plus three suites and a fitness center. 
Source: New feed