According to reports, Blackstone Inc. is considering offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas.
The property last changed ownership four years ago in a deal worth a reported $4.25 billion. However, while the reports suggest that the New York investment firm is considering offers, it has not committed to a sale although it is believed that any sale will be a partial sale only.
Blackstone Considers Sale of Las Vegas Icon the BellagioBellagio is currently operated under a long-term lease by MGM Resorts International, the casino resort’s original owner. The resort is one of the most successful in Las Vegas in terms of visitors and revenue.
In 2021, Blackstone sold the Cosmopolitan Hotel in Vegas while in 2022, the company agreed to sell 50% of its interest in the MGM Grand and Mandalay Bay resorts.
Blackstone Considers Sale of Las Vegas Icon the Bellagio (€274.95 million) agreed with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
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