![]() In September 2021, Blackstone sold the property to MGM Resorts for $5.65 billion. Way back in May 2014, Blackstone made a noteworthy acquisition of the iconic Cosmopolitan Las Vegas from Deutsche Bank for $1.7 billion. Throughout that time, they saw Blackstone become an early investor of properties on the Las Vegas strip during the most recent cycle which turned out to be a great call and more recently has been disposing of its ownership stakes in some of the most well-known properties which had been acquired through the JV transactions with MGM Growth Properties (formerly MGP) which was then acquired by VICI Properties ( VICI ). Investors have seen the landscape of the Las Vegas strip change dramatically over the past decade.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |