Announced
Completed
Financials
Tags
United States
bowling centers
Recreational Services
Acquisition
Majority
Private
Real Estate
Domestic
Completed
Friendly
Single Bidder
Synopsis
VICI Properties, an experiential real estate investment trust, completed the acquisition of 38 bowling entertainment centers from Bowlero, an owner and operator of bowling entertainment centers, for $433m. “We are excited to announce our entry into the family entertainment sector, a $15+bn experiential category, with a best-in-class, growth-minded operator. At VICI, we seek to invest in non-commodity real estate centered on experiences benefiting from long-term secular tailwinds, and Bowlero’s track record of growth and innovation in a resilient experiential sector aligns well with our investment framework. We are proud to be a key real estate and capital partner for the Bowlero team," John Payne, VICI Properties President & COO.
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