Apollo Global Management & VICI Properties Acquire Las Vegas Sands Hotel, Casino, And Expo Center For $6.25B

The sale of the Venetian-Palazzo complex in Las Vegas has caught the attention of the real estate industry. The property, located at 3355-3325 S. Las Vegas Blvd. and 201 Sands Ave., consists of a hotel, casino, and expo center. The complex is known for its impressive size, featuring the world's second-largest hotel with 4,049 rooms and 3,068 suites. Additionally, it boasts a 120,000-square-foot casino, offering guests a wide range of entertainment options.

Summary of transaction details

• Property Type: Hotel, Casino, Expo Center
• Transaction Amount: $6,250,000,000
• Date: 03/03/2021
• Address: 3355-3325 S. Las Vegas Blvd. & 201 Sands Ave.
• Market: Las Vegas

The buyer of this impressive property is a joint venture between Apollo Global Management and VICI Properties. On the other hand, the seller is Las Vegas Sands, which was led by Sheldon Adelson, may his soul rest in peace. This high-profile transaction highlights the interest of major players in the gaming and hospitality industry in Las Vegas.

It's worth noting that the Venetian-Palazzo complex also includes another notable property, The Venetian Macao, which is the largest casino in the world. The sale of this significant asset signals a major development in the Las Vegas real estate market.