The iconic Las Vegas property is changing hands, according to an announcement from the involved firms late last week.
Blackstone Real Estate Income Trust and MGM Resorts International announced last week the two are set to work together to form a 95 percent–5 percent joint venture to acquire The Bellagio’s assets. The transaction is expected to top $4.25 billion.
“As big believers in MGM Resorts and Las Vegas, we are thrilled to partner with MGM to acquire the Bellagio on behalf of our BREIT investors. We look forward to a long and productive partnership with this world-class company,” said Jon Gray, president and COO, Blackstone.
Specifics on how the deal will happen were not made public. The sale is expected to close by the end of the year.
Though air travel slowed as airports temporarily closed and borders shuttered to stifle the spread of coronavirus, the airline industry — led by oneworld alliance member airlines — enacted enhanced protective measures to reduce risk and protect passengers.
The Airline Passenger Experience Association and SimpliFlying recognized United Airlines for providing a hospital-grade standard of cleanliness and safety during travel. Among the four largest U.S. carriers, United is the first to receive Diamond Certification, the highest in the new APEX Health Safety audit powered by SimpiliFlying.
A couple of my friends and I decided to rent a house in the Camelback Mountain area of Pennsylvania’s Pocono Mountains for New Year’s Eve. To find the perfect place, we used Vrbo.com; there were a bunch of properties to choose from, but, in the end, we decided to rent a place in The Village at Camelback.
The Ritz-Carlton Orlando, Grande Lakes recently announced its $30 million renovation and redesign. The property updates include renovations to guestrooms, the pool and club lounge.
Step right up to the greatest show on Earth as FXExpress Publications, Global Traveler, trazeetravel.com and whereverfamily.com celebrate their 2020 award winners! Join the big top on Dec. 14 as we virtually award the winners of the 17th annual GT Tested Reader Survey awards, including the Airline and Hotel of the Year; the 17th annual Wines on the Wing Airline Wine Survey; the eighth annual Leisure Lifestyle Awards; the sixth annual The Trazees; and the third annual Wherever Awards.
If the winter months have you craving a snowy retreat surrounded by off-season island fun and warm fireplaces, The Bungalow at Greydon House should be on your list. An iconic stay in Nantucket, Massachusetts, The Bungalow offers a two-bedroom, three-bathroom retreat in the heart of historic downtown.