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1. People also ask

   Does Blackstone own Bellagio?

   • While Blackstone owns Bellagio, MGM Resorts will continue to manage it and will pay Blackstone $245 million a year in what amounts to “rent.” MGM Resorts will get a 5% ownership stake in Bellagio as well. For $4.2 billion, you also get some sweet artwork. The sale of Bellagio is believed to be the biggest sale in Las Vegas history.

   MGM Resorts Sells Bellagio to Blackstone Group - Casino.org

   www.casino.org/vitalvegas/mgm-resorts-sells-bellagio-to-blackstone-group/

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   Who owns Bellagio resort in Las Vegas?

   • MGM Resorts has sold the iconic Bellagio resort in Las Vegas to Blackstone Group (technically, Blackstone Real Estate Income Trust) for $4.2 billion. The Bellagio sale is what’s called a “lease-back” deal. While Blackstone owns Bellagio, MGM Resorts will continue to manage it and will pay Blackstone $245 million a year in what amounts to “rent.”

   MGM Resorts Sells Bellagio to Blackstone Group - Casino.org

   www.casino.org/vitalvegas/mgm-resorts-sells-bellagio-to-blackstone-group/

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   Is Blackstone selling the Bellagio Hotel in Las Vegas?

   • The Bellagio Hotel and Casino in Las Vegas, Nevada. Blackstone Inc. is selling a piece of the Las Vegas hotel Bellagio, a move that will generate cash for investors in a $67 billion property fund for wealthy individuals.

   Blackstone’s Bellagio Deal Values Las Vegas Hotel at $5 Billion

   www.bloomberg.com/news/articles/2023-08-25/blackstone-s-bellagio-deal-values-las-vegas-hotel-at-5-billion

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   Did MGM sell Bellagio?

   • MGM Resorts will get a 5% ownership stake in Bellagio as well. For $4.2 billion, you also get some sweet artwork. The sale of Bellagio is believed to be the biggest sale in Las Vegas history. There are a couple of questions most people seem to ask about the sale of Bellagio. First question, why did MGM Resorts sell Bellagio?

   MGM Resorts Sells Bellagio to Blackstone Group - Casino.org

   www.casino.org/vitalvegas/mgm-resorts-sells-bellagio-to-blackstone-group/

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   Who owns Blackstone & MGM Resorts?

   • Blackstone, which owns the property through the Blackstone Real Estate Income Trust fund, is maintaining its position as majority stakeholder with a 73 percent interest; MGM Resorts International has the remaining interest and operates the property under a long-term lease.

   Blackstone Sells Minority Stake in Bellagio - The Real Deal

   therealdeal.com/national/2023/08/25/blackstone-sells-minority-stake-in-bellagio/

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   Is the Blackstone Group selling in Las Vegas?

   • The Blackstone Group is selling again in Las Vegas, though this time it’s gambling on keeping a majority stake in its property. Realty Income purchased a 22 percent stake in the Bellagio casino and resort in Nevada, the Wall Street Journal reported.

   Blackstone Sells Minority Stake in Bellagio - The Real Deal

   therealdeal.com/national/2023/08/25/blackstone-sells-minority-stake-in-bellagio/

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2. www.blackstone.com › news › pressBlackstone Real Estate Income Trust to Acquire the Bellagio ...

   www.blackstone.com › news › press

   • Cached

   Oct 15, 2019 · Blackstone Real Estate Income Trust (“BREIT”), and MGM Resorts International (“MGM Resorts”) (NYSE: MGM) announced today that BREIT and MGM Resorts will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction.

3. www.blackstone.com › news › pressBlackstone Real Estate Income Trust Completes Acquisition of ...

   www.blackstone.com › news › press

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   Nov 18, 2019 · November 18, 2019 – New York and Las Vegas – Blackstone Real Estate Income Trust (“BREIT”) and MGM Resorts International (“MGM Resorts”) (NYSE: MGM) today announced the closing of the previously announced 95%/5% BREIT-led joint venture with MGM Resorts to acquire the real estate assets of the Bellagio for $4.25 billion in a sale ...

4. Videos

   • 

     reviewjournal.com

     Bellagio sold to Blackstone in $4.2B leaseback deal

     15 Oct 2019

   • 

     1:21

     facebook.com

     Bellagio is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned by The Blackstone Group and operated by MGMResorts International. Bellagio was conceived by casino owner Steve Wynn, #bellagio #bellagiolasvegasnevada #bellagiofountain #bellagiolasvegas #bellagiofountains #bellagiohotel | The Igorot Wanderer

     27 Aug 2023

     846 views

   • 

     36:31

     youtube.com

     The Bellagio Hotel and Casino - Is it worth the price?

     11 Feb 2022

     13.4K views

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5. www.casino.org › vitalvegas › mgm-resorts-sellsMGM Resorts Sells Bellagio to Blackstone Group - Casino.org

   www.casino.org › vitalvegas › mgm-resorts-sells

   • Cached

   Oct 26, 2019 · MGM Resorts has sold the iconic Bellagio resort in Las Vegas to Blackstone Group (technically, Blackstone Real Estate Income Trust) for $4.2 billion.

6. www.reuters.com › markets › dealsRealty Income to invest about $950 million in Bellagio Las ...

   www.reuters.com › markets › deals

   Aug 25, 2023 · Realty Income signed an agreement with Blackstone's real estate investing firm to invest about $950 million in the Bellagio Las Vegas resort, valuing the assets at $5.1 billion, the companies...

7. www.bloomberg.com › news › articlesBlackstone’s Bellagio Deal Values Luxury Hotel at $5 Billion

   www.bloomberg.com › news › articles

   • Cached

   Aug 25, 2023 · Blackstone Inc. is selling a piece of the Las Vegas hotel Bellagio, a move that will generate cash for investors in a $67 billion property fund for wealthy individuals.

   • Author: Dawn Lim

8. www.costar.com › article › 2124361802Blackstone To Sell 22% Stake in Bellagio Las Vegas for $950 ...

   www.costar.com › article › 2124361802

   • Cached

   Aug 25, 2023 · In the formation of a new joint venture, Blackstone Real Estate Income Trust will sell a stake in the Bellagio Las Vegas resort and casino for $950 million to Realty Income Corp.

9. therealdeal.com › national › 2023/08/25Blackstone sells minority stake in Bellagio - The Real Deal

   therealdeal.com › national › 2023/08/25

   • Cached

   Aug 25, 2023 · Blackstone hasn’t owned the property for long, having purchased it from MGM Resorts in a sale-leaseback transition in 2019, which valued the Bellagio at $4.25 billion. MGM’s rent at the casino...