MGM Growth Properties and Blackstone Real Estate Income Trust plan to form a joint venture to buy the Las Vegas real estate assets of the MGM Grand and Mandalay Bay casino properties for $4.6 billion, just three months after Blackstone bought the Bellagio resort in Las Vegas for $4.25 billion.
Blackstone Acquires Las Vegas' MGM Grand, Mandalay Bay for $4.6 Billion
Firm Adds Two More Prominent Strip Casino Properties After $4.3 Billion Pickup of Bellagio Three Months Ago
CoStar News
January 14, 2020 | 4:39 P.M.
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IN THIS ARTICLE
- Properties
- Mandalay Bay Resort
3950 Las Vegas Blvd, Las Vegas, NV
- MGM Grand Hotel & Casino
3799 Las Vegas Blvd, Las Vegas, NV
- Companies
- MGM Growth Properties LLC
Real Estate
- Blackstone Real Estate Income Trust, Inc.
Real Estate