SOLD
VICI Properties Inc. Acquires Las Vegas Hotel For $1.27B With Buyer's Rep Edward Pitoniak & Seller's Rep Jon Gray & Scott Trebilco
3799 S Las Vegas Blvd & 3950 Las Vegas Boulevard South,Las Vegas, Nevada
Hotel
36,000,000 SF
36,000,000 SF
Sold 1 year ago
Summary
Sale
NEVADA
Hotel
36,000,000 sqft
The property involved in this transaction is a hotel located at 3799 S Las Vegas Blvd & 3950 Las Vegas Boulevard South in Las Vegas, Nevada. The sale took place on 12/01/2022.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $1,270,000,000 (Approx.)
VICI Properties Inc., represented by Edward Pitoniak, purchased the hotel. The seller was Blackstone Real Estate Income Trust, Inc., represented by Jon Gray & Scott Trebilco. VICI Properties Inc. acquired a 49.9% stake in the property.
The hotel has a total area of 18,000,000 square feet, with approximately 11,000 keys. The price per key was approximately $115,455, and the price per square foot was around $71.
Details
SOLD
IMAGE: Edward Pitoniak
DATE: 12/01/2022
ADDRESS: 3799 S Las Vegas Blvd & 3950 Las Vegas Boulevard South
MARKET: Las Vegas, Nevada
ASSET TYPE: Hotel
BUYER: VICI Properties Inc. - Edward Pitoniak
SELLER: Blackstone Real Estate Income Trust, Inc. (@Blackstone) - Jon Gray & Scott Trebilco
SALE PRICE: $1,270,000,000 (Approx.)
KEYS: 11,000 ~ PPK: $115,455
SF: 18,000,000 ~ PPSF: $71
STAKE: 49.9%View on map
Loading...
Address3799 S Las Vegas Blvd & 3950 Las Vegas Boulevard South,Las Vegas, Nevada
Comparables
Reset filters to show results.