Hotel - Las Vegas
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IAC Makes $1B Investment in Casino Giant MGM Resorts
Counting on the potential of online gaming, the media and technology holding company acquired a 12 percent stake in MGM Resorts International.
11 August 2020 11:55 -
Las Vegas Stripped of Appeal as Casinos Suffer
The coronavirus pandemic led to a nearly 33 percent drop-off in transactions in the weeks following Governor Sisolak's nonessential business closure order—though one asset class is bucking the trend.
04 May 2020 09:46 -
Tropicana Las Vegas to Sell in $338M Leaseback Deal
The deal is set to provide Penn National Gaming with more liquidity during the coronavirus outbreak.
30 March 2020 11:19 -
Blackstone Makes $4.6B Deal in Las Vegas
The private equity giant’s REIT formed a joint venture with MGM Growth Properties to acquire the MGM Grand and Mandalay Bay.
15 January 2020 14:48 -
MGM Resorts Sells Circus Circus for $825M
The 51-year-old Las Vegas hotel and casino was acquired by billionaire casino mogul Phil Ruffin.
27 December 2019 13:32 -
Blackstone Bets $4.3B on Bellagio
In a joint venture with MGM Resorts, Blackstone Real Estate Income Trust has agreed to buy the iconic Las Vegas resort.
16 October 2019 10:39 -
The Rio Sells for $516M
Caesar’s Entertainment Corp. has sold the Las Vegas hotel and will continue to operate the property for at least two years.
24 September 2019 12:32 -
Marriott Breaks Ground on Las Vegas Hotel
CAI Investments is developing the 284-key luxury project, which marks the first property in the city to open under the Delta Hotels umbrella.
12 July 2019 13:11 -
MCR Acquires Las Vegas Hotel
The national hotel owner-operator acquired the 139-key Hilton Garden Inn Las Vegas/Henderson, located 10 minutes from the Las Vegas Strip.
26 April 2019 14:37 -
MGM Resorts to Receive $638M for Vegas Property Repositioning
MGM Growth Properties will pay the global entertainment company for the transformation of the former Monte Carlo Resort and Casino into the new Park MGM and NoMad Las Vegas hotels.
26 December 2018 14:28 -
VICI Properties Shells Out $508M for Las Vegas Hotel
The deal for the 668-room Octavius Tower is also tied to the forthcoming sale-leaseback of Caesars Entertainment’s Harrah’s Philadelphia casino.
16 July 2018 12:40 -
Home2 Suites Debuts in Vegas
The 120-key Home2 Suites by Hilton Las Vegas Strip South is owned and managed by National Hospitality Management LLC.
03 April 2018 19:27 -
4,000-Key Resort Planned for Dormant Vegas Site
The 25-acre parcel that has been home to the remnants of the unfinished and ill-fated Fontainebleau casino hotel project for nearly a decade will finally come to life as The Drew Las Vegas.
14 February 2018 13:16 -
Caesars, VICI Close $1.1B Harrah’s Sale-Leaseback
The deal paves the way for Caesars to develop a new convention center and partially funds the firm’s previously announced acquisition of Centaur.
28 December 2017 11:46 -
Tru by Hilton Opens in Vegas
The property is currently the largest hotel under the Tru brand. It is owned by the United Brotherhood of Carpenters and managed by Prism Hotels & Resorts.
12 December 2017 18:49