Gaming And Leisure Properties Acquires Hotel In Tiverton & Lincoln, RI For $1B

Gaming and Leisure Properties, Inc has acquired a hotel property located at 777 Tiverton Casino Blvd & 100 Twin River Rd in Tiverton & Lincoln, RI. The transaction was completed on 06/28/2022. The property, with an address in the bustling market of Tiverton & Lincoln, RI, is an asset type classified as a hotel.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $1,000,000,000
• Buyer: Gaming and Leisure Properties, Inc
• Seller: Bally’s Corporation - Bobby Lavan

Bobby Lavan, representing Bally’s Corporation, facilitated the sale of the hotel property to Gaming and Leisure Properties, Inc. The transaction had a total sale price of $1,000,000,000. This significant deal highlights the strategic investment made by Gaming and Leisure Properties, Inc in the hotel market.