[moreButton]
 Learn then Earn

 story : Blackstone flips Cosmopolitan in Las Vegas for triple the price it paid #FinanceUSA #StockMarketNEWS Blackstone Group Inc. said Monday its Blackstone Real Estate Partners VII LP fund agreed to sell

@stockMarketNEWS 28 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Blackstone flips Cosmopolitan in Las Vegas for triple the price it paid #FinanceUSA #StockMarketNEWS
Blackstone Group Inc. said Monday its Blackstone Real Estate Partners VII LP fund agreed to sell The Cosmopolitan of Las Vegas for .65 billion, seven years after it paid .7 billion for it. MGM Resorts International will acquire the operations of The Cosmopolitan. MGM will also sign a long-term net lease with a partnership between Cherng Family Trust, Stonepeak Partners and Blackstone Real Estate Income Trust Inc., which will acquire The Cosmopolitan's real estate assets. Blackstone said the casino's performance has been exceeding pre-Covid levels. The deal is expected to close in early 2022. Tyler Henritze, head of acquisitions Americas for Blackstone Real Estate led the deal, along with Cosmopolitan CEO Bill McBeath.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme