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New Deal


Announced

Completed

Blackstone completed the acquisition of Aria Resort & Casino and Vdara Hotel & Spa from MGM Resorts for $3.89bn.

Financials

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Transaction Value£2,811m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Private Equity

Domestic

Single Bidder

United States

Real Estate

casino resort

Hotels and Motels

Private

Friendly

Completed

Synopsis

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Blackstone completed the acquisition of Aria Resort & Casino and Vdara Hotel & Spa, two casino resorts, from MGM Resorts, an American global hospitality and entertainment company, for $3.89bn. "This transaction reflects our high conviction in Las Vegas and our strong partnership with MGM Resorts. CityCenter is a best-in-class resort and complementary addition to our portfolio of high-quality assets on the Strip. We look forward to continuing our productive collaboration with MGM Resorts," Tyler Henritze, Blackstone Head of US Acquisitions Americas.

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