VICI Properties Inc. (NYSE: VICI) announced today that the Company has entered into a construction loan agreement for up to $105 million in financing to affiliates of Homefield Kansas City to fund the development of a Margaritaville Resort in Kansas City, Kansas.
Rivers previously served as Canyon Ranch's Head of Resort Development and now, as CEO, will retain responsibilities for development and new business.
VICI Properties Inc. (NYSE: VICI) today announced that it has entered into definitive agreements to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta, from Century Casinos, Inc. (NASDAQ: CNTY) for an aggregate purchase price of C$221.7 million (US$164.7 million) in cash.
Reports 110.7% Year-over-Year Revenue Growth
The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025.
VICI Properties Inc. (NYSE: VICI) announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of existing property-level debt.
Fontainebleau Las Vegas spans 25 acres and nine million square feet in a coveted location on the northern end of the Las Vegas Strip directly adjacent to the Las Vegas Convention Center, and will feature approximately 3,700 luxury hotel rooms.
Initial total annual rent under the lease with Hard Rock is $90.0 million and the lease has an initial term of 25 years, with three 10-year tenant renewal options.