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Cosmopolitan Las Vegas Now MGM Venue as Buyer Rapidly Completes Purchase



As is par for the course under its asset-lite methodology, MGM doesn’t own any of Cosmopolitan’s real estate. A group comprised of the Cherng Family Trust, Stonepeak Partners, and Blackstone Real Estate Income Trust (BREIT) paid $4 billion for the integrated resort’s property assets.

MGM entered a 30-year lease agreement with that consortium at an initial annual rate of $200 million. That rises 2% per year over the first 15 years. After that, the yearly increase is 2% or whatever the rise is by the Consumer Price Index (CPI), capped at 3%. After the initial 30-year term, MGM has three 10-year renewal options. ผู้สนับสนุน สล็อตแตกง่าย

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