Peter Carlino's Gaming & Leisure Properties Acquires Tioga Downs Casino Resort From Jeff Gural's American Racing & Entertainment For $175M

Tioga Downs Casino Resort, located at 2384 West River Road in Nichols, NY, has been sold in a recent transaction. The property, which is a hotel asset, was acquired by Gaming & Leisure Properties, Inc. for a total price of $175,000,000. The hotel spans approximately 32,600 square feet, resulting in a price per square foot of $5,368.

Summary of Transaction Details

• Property Type: Hotel
• Transaction Amount: $175,000,000
• Square Footage: 32,600
• Price per Square Foot: $5,368
• Address: 2384 West River Road, Nichols, NY
• Market: Nichols

Peter Carlino, the representative from Gaming & Leisure Properties, Inc., served as the buyer in this deal. On the other hand, Jeff Gural represented American Racing & Entertainment, LLC as the seller. The transaction took place on February 6, 2024, marking a significant acquisition for Gaming & Leisure Properties, Inc.

Note: Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) has acquired Tioga Downs Casino Resort in Nichols, NY, from American Racing & Entertainment, LLC, for $175.0 million.