Realty Income Corporation And Blackstone REIT Acquire The Bellagio Las Vegas Hotel For $950M | 3600 South Las Vegas Boulevard - The Bellagio Las Vegas | Hotel | Sale

Summary

Sale

NEVADA

Hotel

The Bellagio Las Vegas, a hotel located at 3600 S Las Vegas Blvd, has been sold in a transaction involving Realty Income Corporation and Blackstone Real Estate Income Trust, Inc. The sale price for the property is $950,000,000.

Summary of transaction details:

Property Type: Hotel
Transaction Amount: $950,000,000
Buyer: Realty Income Corporation
Seller: Blackstone Real Estate Income Trust, Inc - Nadeem Meghji
Market: Las Vegas, Nevada

Realty Income Corporation and Blackstone Real Estate Income Trust (BREIT) have agreed to jointly invest approximately $950 million in a new joint venture for acquiring equity interests in The Bellagio Las Vegas real estate assets.

Details

Deal Summary

SOLD

IMAGE: Nadeem Meghji DATE: 08/25/2023 ADDRESS: 3600 S Las Vegas Blvd - The Bellagio Las Vegas MARKET: Las Vegas, Nevada ASSET TYPE: Hotel BUYER: Realty Income Corporation SELLER: Blackstone Real Estate Income Trust, Inc (@Blackstone) - Nadeem Meghji (@NMeghji1) SALE PRICE: $950,000,000 NOTE: Realty Income Corporation and Blackstone Real Estate Income Trust (BREIT) have agreed to jointly invest approximately $950 million in a new joint venture, acquiring equity interests in The Bellagio Las Vegas real estate assets.

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Address3600 South Las Vegas Boulevard - The Bellagio Las Vegas

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