Blackstone Ponders Partial Stake Sale of Iconic Las Vegas' Bellagio Hotel
Portfolio Pulse from Nabaparna Bhattacharya
Blackstone Inc. is considering selling half of its interest in the real estate of the Bellagio Hotel in Las Vegas. The company purchased the property for $4.25 billion four years ago. Bellagio is operated under a long-term lease by MGM Resorts International.
June 27, 2023 | 1:59 pm
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NEUTRAL IMPACT
Blackstone is considering selling half of its interest in the Bellagio Hotel, potentially impacting its assets and stock price.
Blackstone is considering selling half of its interest in the Bellagio Hotel, which could impact its assets and stock price. However, the company has not committed to a divestiture, so the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
MGM Resorts International operates the Bellagio Hotel under a long-term lease, and a potential sale of Blackstone's stake may have an indirect impact on MGM.
MGM Resorts operates the Bellagio Hotel under a long-term lease. A potential sale of Blackstone's stake in the property may have an indirect impact on MGM, but the extent of the impact is uncertain.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Prologis, Inc. is not directly related to the potential sale of Blackstone's stake in the Bellagio Hotel and is unlikely to be impacted.
Prologis, Inc. is mentioned in the article due to a recent deal with Blackstone, but it is not directly related to the potential sale of Blackstone's stake in the Bellagio Hotel. Therefore, it is unlikely to be impacted.
CONFIDENCE 100
IMPORTANCE 0
RELEVANCE 0