VICI Properties Inc. Acquires Las Vegas Hotel On Las Vegas Blvd For $1.27B

The property involved in this closed transaction is a hotel located at 3799 S Las Vegas Blvd & 3950 Las Vegas Boulevard South in Las Vegas, Nevada. The hotel spans approximately 18,000,000 square feet with a price per square foot of $71. The total sale price for this transaction is approximately $1,270,000,000. The buyer of the property is VICI Properties Inc., represented by Edward Pitoniak. The seller is Blackstone Real Estate Income Trust, Inc., represented by Jon Gray and Scott Trebilco. VICI Properties Inc. acquired a 49.9% stake in the hotel.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $1,270,000,000 (Approx.)
• Address: 3799 S Las Vegas Blvd & 3950 Las Vegas Boulevard South, Las Vegas, Nevada
• Market: Las Vegas, Nevada
• Buyer: VICI Properties Inc. - Edward Pitoniak
• Seller: Blackstone Real Estate Income Trust, Inc. - Jon Gray & Scott Trebilco

Edward Pitoniak, representing VICI Properties Inc., played a key role in this transaction as the buyer's representative. This deal showcases the successful collaboration between VICI Properties Inc. and the seller, Blackstone Real Estate Income Trust, Inc., represented by Jon Gray and Scott Trebilco.