Harrah's Reno Sold for $50 Million

Caesars Entertainment Corporation (NASDAQ: CZR) and VICI Properties Inc. (NYSE:VICI) today announced they have signed an agreement to sell Harrah's Reno Hotel and Casino to an affiliate of CAI Investments for $50 million.
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The Grand Hotel Birmingham Set to Open in Summer 2020

Starwood Capital Group, a leading global private investment group, announced today that The Grand Hotel, housed in one of Birmingham's most iconic buildings overlooking the city's Colmore Row, will once again open its doors to the public in the summer of 2020, following a restoration that will return the city centre landmark to its former glory.
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Hyatt Place Waco-South Celebrates Official Opening

WACO, Tex. (January 15, 2019) – Hyatt Place Waco-South is officially open. The new hotel features the Hyatt Place brand’s intuitive design, casual atmosphere and practical amenities, such as…

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Alterra Mountain Company Closes on Sugarbush Resort in Vermont

Founded in 1958, Sugarbush Resort is a year-round mountain destination located in the scenic Mad River Valley of Vermont with two distinct mountains – Mt. Ellen and Lincoln Peak – that are joined by a two-mile high-speed quad.
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MGM Grand Las Vegas Sold for $2.5 Billion

MGM Resorts International (NYSE: MGM) today announced that it has entered into a definitive agreement pursuant to which a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust will acquire the MGM Grand Las Vegas real estate assets in a transaction valued at approximately $2.5 billion, which represents a multiple of 15.75x rent.
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Eldorado Shreveport Resort and Casino Sold for $230 Million in Cash

Eldorado Resorts, Inc. (NASDAQ: ERI) announced yesterday that it has entered into a definitive agreement to sell the Eldorado Resort and Casino in Shreveport, Louisiana to Maverick Gaming LLC for $230 million in cash, subject to a working capital adjustment.
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