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Credit Suisse Provides $460M Loan For Dreamscape & Imperial Cos. To Acquire Rio Vegas Hotel. Eric Birnbaum Represents Seller, Caesars Entertainment Corp

Rio Vegas
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This Hotel property located in NV was sold for $516,300,000 over 4 years ago. The brokers of the deal were Christopher (Chris) Kramer, Nick Scribani, Dustin Stolly, and Jordan (Jordy) Roeschlaub

Dreamscape & Imperial Cos. have purchased the Rio Vegas Hotel in Las Vegas, Nevada. The hotel was sold by Caesars Entertainment Corporation. The sale price for this transaction was $516,300,000.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: $516,300,000

The loan for this purchase was provided by Credit Suisse in the amount of $460,000,000. The loan brokers who facilitated this transaction were Dustin Stolly, Jordan Roeschlaub, Nick Scribani, and Chris Kramer from Newmark Knight Frank.

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Deals
  • Location
    Rio, Vegas, NV, USARio, Vegas, NV, USA
  • Sale Price
    $516,300,000$516,300,000
  • Asset Type
    HotelHotel
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Dustin Stolly

Dustin Stolly

Deals218
Financed$37.6B

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

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Financed$34.6B

Nick Scribani

Nick Scribani

Deals98
Financed$14.6B

Agency

Newmark

Newmark

Agency
Deals3891
Volume$397.4B

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Deal Summary

LOAN & SALE SPECIAL EDITION - VEGAS 🎰 LOAN IMAGE: Jordan Roeschlaub, Eric Birnbaum & Dustin Stolly SALE IMAGE: Eric Birnbaum DATE:  12/07/2019 HOTEL: @RioVegas LENDER: Credit Suisse BUYER: Dreamscape & Imperial Cos. SELLER: Caesars Entertainment Corporation LOAN BROKERS: @NewmarkKF - Dustin Stolly, Jordan Roeschlaub, Nick Scribani & Chris Kramer LOAN AMOUNT: $460,000,000 PRICE: $516,300,000

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