https://www.globest.com/2022/12/01/blackstone-sells-stake-in-two-vegas-hotels-for-5-5b/?slreturn=20221101144525
Blackstone will receive $1.27B in cash and Vici will assume Blackstone’s share of about $3B in debt, according to a report in the Wall Street Journal.
According to the WSJ, the NY-based investment firm is reaping a profit of $700M in the deal, including rent from operators during the past three years.