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2021-09-28
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Blackstone Selling Vegas Casino, Firm’s Most Profitable Property Deal<blockquote>黑石出售拉斯维加斯赌场，这是该公司最赚钱的房地产交易</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":866246536,"tweetId":"866246536","gmtCreate":1632787381125,"gmtModify":1632797592598,"author":{"id":3586505171134311,"idStr":"3586505171134311","authorId":3586505171134311,"authorIdStr":"3586505171134311","name":"Hannaqing","avatar":"https://static.tigerbbs.com/e3f6e295b445101f45f6feb5b45e37a8","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":11,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>like pls</p></body></html>","htmlText":"<html><head></head><body><p>like pls</p></body></html>","text":"like pls","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/866246536","repostId":1123925689,"repostType":4,"repost":{"id":"1123925689","kind":"news","pubTimestamp":1632787163,"share":"https://www.laohu8.com/m/news/1123925689?lang=zh_CN&edition=full","pubTime":"2021-09-28 07:59","market":"us","language":"en","title":"Blackstone Selling Vegas Casino, Firm’s Most Profitable Property Deal<blockquote>黑石出售拉斯维加斯赌场，这是该公司最赚钱的房地产交易</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123925689","media":"The Wall Street Journal","summary":"Total profits after the sale would be about $4.1 billion, including cash flow from the property’s op","content":"<p> <b>Total profits after the sale would be about $4.1 billion, including cash flow from the property’s operations.</b> Blackstone Inc.has reached an agreement to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion, the company said on Monday, and told investors in a private letter that the sale is the company’s most profitable of a single asset ever.</p><p><blockquote><b>出售后的总利润约为41亿美元，其中包括该物业运营的现金流。</b>Blackstone Inc.周一表示，已达成协议，以56.5亿美元的价格出售位于拉斯维加斯大道的Cosmopolitan赌场和酒店，并在一封私人信中告诉投资者，此次出售是该公司有史以来最赚钱的单一资产。</blockquote></p><p> Blackstone acquired the two-tower propertyfor about $1.8 billion seven years ago and spent an additional $500 million on upgrades, including renovating the nearly 3,000 guest rooms, building luxury suites and adding new restaurants and bars.</p><p><blockquote>七年前，黑石集团以约18亿美元收购了这座双塔房产，并额外花费了5亿美元进行升级，包括翻新近3,000间客房、建造豪华套房以及增加新的餐厅和酒吧。</blockquote></p><p> Total profits after the sale would be about $4.1 billion, including cash flow from the property’s operations, according to a Blackstone letter to fund investors reviewed by The Wall Street Journal. The company made back nearly 10 times the amount of equity it invested in the Cosmopolitan, the letter said.</p><p><blockquote>根据《华尔街日报》查阅的黑石致基金投资者的一封信，出售后的总利润约为41亿美元，其中包括该物业运营的现金流。信中称，该公司的回报是其在Cosmopolitan投资的近10倍。</blockquote></p><p> The deal separates ownership of the property from the hotel and casino operations, which are being sold toMGM ResortsInternational for $1.625 billion, MGM said. A partnership that includes a Blackstone real-estate investment trust is acquiring the property for about $4 billion, according to the Blackstone investor letter.</p><p><blockquote>米高梅表示，这笔交易将该物业的所有权与酒店和赌场业务分开，酒店和赌场业务将以16.25亿美元的价格出售给米高梅度假村国际集团。根据Blackstone投资者信，包括Blackstone房地产投资信托基金在内的合作伙伴将以约40亿美元的价格收购该房产。</blockquote></p><p> The buyers’ group also includes Stonepeak Partners, an infrastructure-focused investment company, and the Cherng Family Trust, a Las Vegas-based family office for the founders of the Panda <a href=\"https://laohu8.com/S/QSR\">Restaurant</a> Group, Blackstone said.</p><p><blockquote>买家群体还包括专注于基础设施的投资公司Stonepeak Partners和Cherng Family Trust，后者是熊猫创始人位于拉斯维加斯的家族办公室<a href=\"https://laohu8.com/S/QSR\">餐馆</a>黑石集团表示。</blockquote></p><p> The deal marks the latest in a flurry of real-estate sales activity on the Las Vegas Strip, as casino operators look to raise cash for growing operations like sports betting and entertainment by selling their real estate.</p><p><blockquote>这笔交易标志着拉斯维加斯大道一系列房地产销售活动中的最新一起，赌场运营商希望通过出售房地产为体育博彩和娱乐等不断增长的业务筹集现金。</blockquote></p><p> In August, real estate ownerVici PropertiesInc.agreed to buyMGM Growth Propertiesin a deal that values the casino real-estate owner at $17.2 billion, including debt. MGM Resorts previously spun off MGM Growth Properties and still controls the REIT, whose Las Vegas properties include Mandalay <a href=\"https://laohu8.com/S/BYBK\">Bay</a>, Luxor and MGM Grand Las Vegas.</p><p><blockquote>8月，房地产所有者VICI PropertiesInc.同意收购MGM Growth Properties，这笔交易对赌场房地产所有者的估值为172亿美元，包括债务。米高梅度假村此前剥离了米高梅增长地产，但仍控制着该房地产投资信托基金，其拉斯维加斯地产包括曼德勒<a href=\"https://laohu8.com/S/BYBK\">海湾</a>、卢克索和拉斯维加斯米高梅大酒店。</blockquote></p><p> Earlier this year,Las Vegas SandsCorp.agreed tosell its Las Vegas propertiestoApollo Global ManagementInc.and a real-estate investment trust for about $6.25 billion. The first new megacasino on the Strip in more than a decade, the $4.3 billion Resorts World,also openedover the summer.</p><p><blockquote>今年早些时候，拉斯维加斯金沙集团同意以约62.5亿美元的价格将其拉斯维加斯房产出售给阿波罗全球管理公司和一家房地产投资信托公司。十多年来，拉斯维加斯大道上的第一个新的大型赌场，价值43亿美元的度假村世界，也在今年夏天开业。</blockquote></p><p> “Vegas has had a strong recovery coming out of the pandemic and solidified itself as a diversified entertainment destination,” said <a href=\"https://laohu8.com/S/TYL\">Tyler</a> Henritze, Blackstone’s head of acquisitions for the Americas.</p><p><blockquote>“拉斯维加斯从大流行中强劲复苏，并巩固了自己作为多元化娱乐目的地的地位，”他说<a href=\"https://laohu8.com/S/TYL\">泰勒</a>Henritze，黑石美洲收购主管。</blockquote></p><p> Pointing to the new professional sports franchises like the Raiders football team and new entertainment venues from MGM, Mr. Henritze added, “it’s not just about gaming anymore.”</p><p><blockquote>在谈到突袭者足球队等新的职业体育特许经营权和米高梅的新娱乐场所时，亨里茨先生补充道：“这不再只是游戏。”</blockquote></p><p> Las Vegas tourism has climbed back steadily this year, despite concerns over the Delta variant. In July, more than 3.3 million people visited Las Vegas, about 90% of pre-pandemic visitation for the same month in 2019. Casinos have brought back dining, including buffets, and entertainment, even as state officials restored an indoor mask mandate for areas with high rates of Covid-19 transmission, including Las Vegas.</p><p><blockquote>尽管人们对德尔塔变异毒株感到担忧，但拉斯维加斯的旅游业今年仍稳步回升。7月份，超过330万人访问了拉斯维加斯，约为2019年同月大流行前访问量的90%。赌场已经恢复了餐饮，包括自助餐和娱乐，尽管州政府官员恢复了对包括拉斯维加斯在内的Covid-19传播率高的地区的室内口罩规定。</blockquote></p><p> But worries over the pandemic are still damping the convention business, which drives much of the hospitality economy in Las Vegas. Earlier this month, the <a href=\"https://laohu8.com/S/NHLD\">National</a> Association of Broadcasters, which brought more than 90,000 attendees to Las Vegas in 2019, canceled its October show, citing the pandemic and the Delta variant. The group delayed the event until April 2022.</p><p><blockquote>但对疫情的担忧仍然抑制了会议业务，而会议业务在很大程度上推动了拉斯维加斯的酒店经济。本月早些时候，<a href=\"https://laohu8.com/S/NHLD\">国家的</a>2019年为拉斯维加斯带来了超过90,000名观众的广播协会取消了10月份的节目，理由是疫情和德尔塔变异毒株。该集团将活动推迟至2022年4月。</blockquote></p><p> The Cosmopolitan was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high-profile real-estate flops during the boom years leading up to the 2008 market crash.Deutsche Banktook ownership after developer Ian Bruce Eichner defaulted. The German bank sunk around $4 billion into the Cosmopolitan, first as a lender and then as an owner after it took over the property.</p><p><blockquote>大都会是<a href=\"https://laohu8.com/S/AONE.U\">一</a>这是2008年市场崩盘前繁荣时期最引人注目的房地产失败之一。开发商伊恩·布鲁斯·艾希纳(Ian Bruce Eichner)违约后，德意志银行获得了所有权。这家德国银行向Cosmopolitan投入了约40亿美元，先是作为贷款人，然后在接管该房产后作为所有者。</blockquote></p><p> Blackstoneacquired the Cosmopolitan in 2014from Deutsche Bank and began pumping money into a hotel that was charging some of the highest room rates on the Strip with a casino ranked near the bottom in terms of revenue.</p><p><blockquote>黑石于2014年从德意志银行收购了the Cosmopolitan，并开始向一家酒店注资，该酒店的房价是拉斯维加斯大道上最高的酒店之一，其赌场的收入排名接近垫底。</blockquote></p><p> The company converted the unfinished top four floors of the hotel’s 52-story east tower into luxury suites geared toward Asian gamblers and other high rollers. To attract a younger crowd, Blackstone added 18 new bars and restaurants. Blackstone also brought in a new management team, resolved a pending labor dispute with the previous owner, opened up the gaming floor and increased the sports-betting business.</p><p><blockquote>该公司将酒店52层东塔未完工的顶层四层改造成面向亚洲赌徒和其他豪赌客的豪华套房。为了吸引更年轻的人群，黑石增加了18家新酒吧和餐厅。黑石还引进了一个新的管理团队，解决了与前所有者悬而未决的劳资纠纷，开放了博彩场所并增加了体育博彩业务。</blockquote></p><p> The hotel was nearly 87% occupied for the month of September through Friday, with average daily room rates at $448, according to Blackstone.</p><p><blockquote>根据Blackstone的数据，截至周五，该酒店9月份的入住率接近87%，日均房价为448美元。</blockquote></p><p></p><p> The Cosmopolitan was the first major operating casino on the Strip to hit the market in more than a decade, when Blackstone began exploring a sale in 2019. At the time, Blackstone was hoping for about $4 billion for the independently run casino and hotel but with Las Vegas bouncing back was able to exceed the company’s initial expectations.</p><p><blockquote>当黑石于2019年开始探索出售时，Cosmopolitan是十多年来第一家进入市场的大型运营赌场。当时，黑石集团希望为独立运营的赌场和酒店筹集约40亿美元，但随着拉斯维加斯的反弹，该公司的盈利超出了该公司最初的预期。</blockquote></p><p> Blackstone still has holdings in Las Vegas, including ownership stakes in other Strip casinos and industrial portfolio. “We certainly still have a bullish view on Vegas,” Mr. Henritze said.</p><p><blockquote>黑石集团仍持有拉斯维加斯的股份，包括其他拉斯维加斯大道赌场和工业投资组合的所有权股份。“我们当然仍然看好拉斯维加斯，”亨利茨先生说。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blackstone Selling Vegas Casino, Firm’s Most Profitable Property Deal<blockquote>黑石出售拉斯维加斯赌场，这是该公司最赚钱的房地产交易</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackstone Selling Vegas Casino, Firm’s Most Profitable Property Deal<blockquote>黑石出售拉斯维加斯赌场，这是该公司最赚钱的房地产交易</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-09-28 07:59</span>\n</p>\n</h4>\n</header>\n<article>\n<p> <b>Total profits after the sale would be about $4.1 billion, including cash flow from the property’s operations.</b> Blackstone Inc.has reached an agreement to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion, the company said on Monday, and told investors in a private letter that the sale is the company’s most profitable of a single asset ever.</p><p><blockquote><b>出售后的总利润约为41亿美元，其中包括该物业运营的现金流。</b>Blackstone Inc.周一表示，已达成协议，以56.5亿美元的价格出售位于拉斯维加斯大道的Cosmopolitan赌场和酒店，并在一封私人信中告诉投资者，此次出售是该公司有史以来最赚钱的单一资产。</blockquote></p><p> Blackstone acquired the two-tower propertyfor about $1.8 billion seven years ago and spent an additional $500 million on upgrades, including renovating the nearly 3,000 guest rooms, building luxury suites and adding new restaurants and bars.</p><p><blockquote>七年前，黑石集团以约18亿美元收购了这座双塔房产，并额外花费了5亿美元进行升级，包括翻新近3,000间客房、建造豪华套房以及增加新的餐厅和酒吧。</blockquote></p><p> Total profits after the sale would be about $4.1 billion, including cash flow from the property’s operations, according to a Blackstone letter to fund investors reviewed by The Wall Street Journal. The company made back nearly 10 times the amount of equity it invested in the Cosmopolitan, the letter said.</p><p><blockquote>根据《华尔街日报》查阅的黑石致基金投资者的一封信，出售后的总利润约为41亿美元，其中包括该物业运营的现金流。信中称，该公司的回报是其在Cosmopolitan投资的近10倍。</blockquote></p><p> The deal separates ownership of the property from the hotel and casino operations, which are being sold toMGM ResortsInternational for $1.625 billion, MGM said. A partnership that includes a Blackstone real-estate investment trust is acquiring the property for about $4 billion, according to the Blackstone investor letter.</p><p><blockquote>米高梅表示，这笔交易将该物业的所有权与酒店和赌场业务分开，酒店和赌场业务将以16.25亿美元的价格出售给米高梅度假村国际集团。根据Blackstone投资者信，包括Blackstone房地产投资信托基金在内的合作伙伴将以约40亿美元的价格收购该房产。</blockquote></p><p> The buyers’ group also includes Stonepeak Partners, an infrastructure-focused investment company, and the Cherng Family Trust, a Las Vegas-based family office for the founders of the Panda <a href=\"https://laohu8.com/S/QSR\">Restaurant</a> Group, Blackstone said.</p><p><blockquote>买家群体还包括专注于基础设施的投资公司Stonepeak Partners和Cherng Family Trust，后者是熊猫创始人位于拉斯维加斯的家族办公室<a href=\"https://laohu8.com/S/QSR\">餐馆</a>黑石集团表示。</blockquote></p><p> The deal marks the latest in a flurry of real-estate sales activity on the Las Vegas Strip, as casino operators look to raise cash for growing operations like sports betting and entertainment by selling their real estate.</p><p><blockquote>这笔交易标志着拉斯维加斯大道一系列房地产销售活动中的最新一起，赌场运营商希望通过出售房地产为体育博彩和娱乐等不断增长的业务筹集现金。</blockquote></p><p> In August, real estate ownerVici PropertiesInc.agreed to buyMGM Growth Propertiesin a deal that values the casino real-estate owner at $17.2 billion, including debt. MGM Resorts previously spun off MGM Growth Properties and still controls the REIT, whose Las Vegas properties include Mandalay <a href=\"https://laohu8.com/S/BYBK\">Bay</a>, Luxor and MGM Grand Las Vegas.</p><p><blockquote>8月，房地产所有者VICI PropertiesInc.同意收购MGM Growth Properties，这笔交易对赌场房地产所有者的估值为172亿美元，包括债务。米高梅度假村此前剥离了米高梅增长地产，但仍控制着该房地产投资信托基金，其拉斯维加斯地产包括曼德勒<a href=\"https://laohu8.com/S/BYBK\">海湾</a>、卢克索和拉斯维加斯米高梅大酒店。</blockquote></p><p> Earlier this year,Las Vegas SandsCorp.agreed tosell its Las Vegas propertiestoApollo Global ManagementInc.and a real-estate investment trust for about $6.25 billion. The first new megacasino on the Strip in more than a decade, the $4.3 billion Resorts World,also openedover the summer.</p><p><blockquote>今年早些时候，拉斯维加斯金沙集团同意以约62.5亿美元的价格将其拉斯维加斯房产出售给阿波罗全球管理公司和一家房地产投资信托公司。十多年来，拉斯维加斯大道上的第一个新的大型赌场，价值43亿美元的度假村世界，也在今年夏天开业。</blockquote></p><p> “Vegas has had a strong recovery coming out of the pandemic and solidified itself as a diversified entertainment destination,” said <a href=\"https://laohu8.com/S/TYL\">Tyler</a> Henritze, Blackstone’s head of acquisitions for the Americas.</p><p><blockquote>“拉斯维加斯从大流行中强劲复苏，并巩固了自己作为多元化娱乐目的地的地位，”他说<a href=\"https://laohu8.com/S/TYL\">泰勒</a>Henritze，黑石美洲收购主管。</blockquote></p><p> Pointing to the new professional sports franchises like the Raiders football team and new entertainment venues from MGM, Mr. Henritze added, “it’s not just about gaming anymore.”</p><p><blockquote>在谈到突袭者足球队等新的职业体育特许经营权和米高梅的新娱乐场所时，亨里茨先生补充道：“这不再只是游戏。”</blockquote></p><p> Las Vegas tourism has climbed back steadily this year, despite concerns over the Delta variant. In July, more than 3.3 million people visited Las Vegas, about 90% of pre-pandemic visitation for the same month in 2019. Casinos have brought back dining, including buffets, and entertainment, even as state officials restored an indoor mask mandate for areas with high rates of Covid-19 transmission, including Las Vegas.</p><p><blockquote>尽管人们对德尔塔变异毒株感到担忧，但拉斯维加斯的旅游业今年仍稳步回升。7月份，超过330万人访问了拉斯维加斯，约为2019年同月大流行前访问量的90%。赌场已经恢复了餐饮，包括自助餐和娱乐，尽管州政府官员恢复了对包括拉斯维加斯在内的Covid-19传播率高的地区的室内口罩规定。</blockquote></p><p> But worries over the pandemic are still damping the convention business, which drives much of the hospitality economy in Las Vegas. Earlier this month, the <a href=\"https://laohu8.com/S/NHLD\">National</a> Association of Broadcasters, which brought more than 90,000 attendees to Las Vegas in 2019, canceled its October show, citing the pandemic and the Delta variant. The group delayed the event until April 2022.</p><p><blockquote>但对疫情的担忧仍然抑制了会议业务，而会议业务在很大程度上推动了拉斯维加斯的酒店经济。本月早些时候，<a href=\"https://laohu8.com/S/NHLD\">国家的</a>2019年为拉斯维加斯带来了超过90,000名观众的广播协会取消了10月份的节目，理由是疫情和德尔塔变异毒株。该集团将活动推迟至2022年4月。</blockquote></p><p> The Cosmopolitan was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most high-profile real-estate flops during the boom years leading up to the 2008 market crash.Deutsche Banktook ownership after developer Ian Bruce Eichner defaulted. The German bank sunk around $4 billion into the Cosmopolitan, first as a lender and then as an owner after it took over the property.</p><p><blockquote>大都会是<a href=\"https://laohu8.com/S/AONE.U\">一</a>这是2008年市场崩盘前繁荣时期最引人注目的房地产失败之一。开发商伊恩·布鲁斯·艾希纳(Ian Bruce Eichner)违约后，德意志银行获得了所有权。这家德国银行向Cosmopolitan投入了约40亿美元，先是作为贷款人，然后在接管该房产后作为所有者。</blockquote></p><p> Blackstoneacquired the Cosmopolitan in 2014from Deutsche Bank and began pumping money into a hotel that was charging some of the highest room rates on the Strip with a casino ranked near the bottom in terms of revenue.</p><p><blockquote>黑石于2014年从德意志银行收购了the Cosmopolitan，并开始向一家酒店注资，该酒店的房价是拉斯维加斯大道上最高的酒店之一，其赌场的收入排名接近垫底。</blockquote></p><p> The company converted the unfinished top four floors of the hotel’s 52-story east tower into luxury suites geared toward Asian gamblers and other high rollers. To attract a younger crowd, Blackstone added 18 new bars and restaurants. Blackstone also brought in a new management team, resolved a pending labor dispute with the previous owner, opened up the gaming floor and increased the sports-betting business.</p><p><blockquote>该公司将酒店52层东塔未完工的顶层四层改造成面向亚洲赌徒和其他豪赌客的豪华套房。为了吸引更年轻的人群，黑石增加了18家新酒吧和餐厅。黑石还引进了一个新的管理团队，解决了与前所有者悬而未决的劳资纠纷，开放了博彩场所并增加了体育博彩业务。</blockquote></p><p> The hotel was nearly 87% occupied for the month of September through Friday, with average daily room rates at $448, according to Blackstone.</p><p><blockquote>根据Blackstone的数据，截至周五，该酒店9月份的入住率接近87%，日均房价为448美元。</blockquote></p><p></p><p> The Cosmopolitan was the first major operating casino on the Strip to hit the market in more than a decade, when Blackstone began exploring a sale in 2019. At the time, Blackstone was hoping for about $4 billion for the independently run casino and hotel but with Las Vegas bouncing back was able to exceed the company’s initial expectations.</p><p><blockquote>当黑石于2019年开始探索出售时，Cosmopolitan是十多年来第一家进入市场的大型运营赌场。当时，黑石集团希望为独立运营的赌场和酒店筹集约40亿美元，但随着拉斯维加斯的反弹，该公司的盈利超出了该公司最初的预期。</blockquote></p><p> Blackstone still has holdings in Las Vegas, including ownership stakes in other Strip casinos and industrial portfolio. “We certainly still have a bullish view on Vegas,” Mr. Henritze said.</p><p><blockquote>黑石集团仍持有拉斯维加斯的股份，包括其他拉斯维加斯大道赌场和工业投资组合的所有权股份。“我们当然仍然看好拉斯维加斯，”亨利茨先生说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/blackstone-selling-vegas-casino-firms-most-profitable-property-deal-11632744001?mod=markets_lead_pos7\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.wsj.com/articles/blackstone-selling-vegas-casino-firms-most-profitable-property-deal-11632744001?mod=markets_lead_pos7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123925689","content_text":"Total profits after the sale would be about $4.1 billion, including cash flow from the property’s operations.\n\nBlackstone Inc.has reached an agreement to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion, the company said on Monday, and told investors in a private letter that the sale is the company’s most profitable of a single asset ever.\nBlackstone acquired the two-tower propertyfor about $1.8 billion seven years ago and spent an additional $500 million on upgrades, including renovating the nearly 3,000 guest rooms, building luxury suites and adding new restaurants and bars.\nTotal profits after the sale would be about $4.1 billion, including cash flow from the property’s operations, according to a Blackstone letter to fund investors reviewed by The Wall Street Journal. The company made back nearly 10 times the amount of equity it invested in the Cosmopolitan, the letter said.\nThe deal separates ownership of the property from the hotel and casino operations, which are being sold toMGM ResortsInternational for $1.625 billion, MGM said. A partnership that includes a Blackstone real-estate investment trust is acquiring the property for about $4 billion, according to the Blackstone investor letter.\nThe buyers’ group also includes Stonepeak Partners, an infrastructure-focused investment company, and the Cherng Family Trust, a Las Vegas-based family office for the founders of the Panda Restaurant Group, Blackstone said.\nThe deal marks the latest in a flurry of real-estate sales activity on the Las Vegas Strip, as casino operators look to raise cash for growing operations like sports betting and entertainment by selling their real estate.\nIn August, real estate ownerVici PropertiesInc.agreed to buyMGM Growth Propertiesin a deal that values the casino real-estate owner at $17.2 billion, including debt. MGM Resorts previously spun off MGM Growth Properties and still controls the REIT, whose Las Vegas properties include Mandalay Bay, Luxor and MGM Grand Las Vegas.\nEarlier this year,Las Vegas SandsCorp.agreed tosell its Las Vegas propertiestoApollo Global ManagementInc.and a real-estate investment trust for about $6.25 billion. The first new megacasino on the Strip in more than a decade, the $4.3 billion Resorts World,also openedover the summer.\n“Vegas has had a strong recovery coming out of the pandemic and solidified itself as a diversified entertainment destination,” said Tyler Henritze, Blackstone’s head of acquisitions for the Americas.\nPointing to the new professional sports franchises like the Raiders football team and new entertainment venues from MGM, Mr. Henritze added, “it’s not just about gaming anymore.”\nLas Vegas tourism has climbed back steadily this year, despite concerns over the Delta variant. In July, more than 3.3 million people visited Las Vegas, about 90% of pre-pandemic visitation for the same month in 2019. Casinos have brought back dining, including buffets, and entertainment, even as state officials restored an indoor mask mandate for areas with high rates of Covid-19 transmission, including Las Vegas.\nBut worries over the pandemic are still damping the convention business, which drives much of the hospitality economy in Las Vegas. Earlier this month, the National Association of Broadcasters, which brought more than 90,000 attendees to Las Vegas in 2019, canceled its October show, citing the pandemic and the Delta variant. The group delayed the event until April 2022.\nThe Cosmopolitan was one of the most high-profile real-estate flops during the boom years leading up to the 2008 market crash.Deutsche Banktook ownership after developer Ian Bruce Eichner defaulted. The German bank sunk around $4 billion into the Cosmopolitan, first as a lender and then as an owner after it took over the property.\nBlackstoneacquired the Cosmopolitan in 2014from Deutsche Bank and began pumping money into a hotel that was charging some of the highest room rates on the Strip with a casino ranked near the bottom in terms of revenue.\nThe company converted the unfinished top four floors of the hotel’s 52-story east tower into luxury suites geared toward Asian gamblers and other high rollers. To attract a younger crowd, Blackstone added 18 new bars and restaurants. Blackstone also brought in a new management team, resolved a pending labor dispute with the previous owner, opened up the gaming floor and increased the sports-betting business.\nThe hotel was nearly 87% occupied for the month of September through Friday, with average daily room rates at $448, according to Blackstone.\nThe Cosmopolitan was the first major operating casino on the Strip to hit the market in more than a decade, when Blackstone began exploring a sale in 2019. At the time, Blackstone was hoping for about $4 billion for the independently run casino and hotel but with Las Vegas bouncing back was able to exceed the company’s initial expectations.\nBlackstone still has holdings in Las Vegas, including ownership stakes in other Strip casinos and industrial portfolio. “We certainly still have a bullish view on Vegas,” Mr. Henritze said.","news_type":1,"symbols_score_info":{"BX":0.9}},"isVote":1,"tweetType":1,"viewCount":645,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/866246536"}
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