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Caesars Casino REIT Gets Margaritaville Hotel Casino on Bossier Locale

Caesars Casino REIT Gets Margaritaville Hotel Casino on Bossier Locale

Caesars REIT accomplishes acquisition of Louisiana’s Margaritaville Vacation resort hotel Casino, rents property so that you can Penn Nationwide Gaming

VICI Properties declared Wednesday who’s has concluded the acquisition of Margaritaville Location Casino on Bossier Urban center, Louisiana intended for $261 zillion in hard cash. The company even offers leased the property or home to modern casino operator Penn National Playing games.

VICI could be the real estate investment have faith in that rotated off Las Vegas gaming ‘ninja-like’ Caesars Amusement Corp. included in the latter provider’s lengthy Pg . 11 personal bankruptcy case.

VICI said yesterday that it has got paid roughly $261 million for the stretch of land and housing assets connected with Margaritaville Hotel Casino. The home or property opened doorways in 2013 and is the most recent facility within the Bossier/Shreveport game playing market. This occupies 5 acres regarding fee land and approximately 30 dust of leased land. The exact fee stretch of land features a 18, 500-square-foot internet casino floor through 1, 215 slot machines and also 50 playing games tables , a 395-room hotel, some restaurants plus food and drink facilities, plus a 1, 000-seat theater, among the other conveniences. The rented land contains a parking together with 1, 500 spaces.

Whilst VICI grabbed the get and real estate investment assets belonging to the hotel together with casino location, Penn Nationwide bought the actual operational property of the property or home for $115 million inside cash, using the aggregate sticker price to $376 million.myfreepokies.com (más…)