Announced
Completed
Financials
Tags
Acquisition
Majority
Private Equity
Domestic
Single Bidder
United States
Real Estate
casino resort
Hotels and Motels
Private
Friendly
Completed
Synopsis
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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