Announced
Financials
Tags
Casinos and Gambling
United States
Single Bidder
resort and casino
Friendly
Majority
Acquisition
Pending
Hotels and Motels
Private
Domestic
Synopsis
Realty Income, a real estate investment trust, agreed to acquire Encore Boston Harbor, a casino-resort, from Wynn Resorts, a developer and operator of high end hotels and casinos, for $1.7bn. "This transaction demonstrates our ability to utilize our platform and scale to acquire prime real estate assets across a variety of industries in alignment with our investment criteria. Our investment philosophy centers around generating favorable risk-adjusted returns by investing in strategically important properties with partners who are leaders in their respective industries. We are pleased to cultivate a new relationship with Wynn Resorts as we expand our universe of net lease investments," Sumit Roy, Realty Income President and CEO.
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