MGM Grand and Mandalay Bay to be Sold to Blackstone Joint Venture
MGM Grand and Mandalay Bay to be Sold to Blackstone Joint Venture
MGM Resorts International( MGM ) - Get Reporton Tuesday announced it agreed to sell its MGM Grand and, through its MGM Growth Properties group, Mandalay Bay in Las Vegas to a joint venture that includes private-equity and real-estate giant Blackstone Group( BX ) - Get Reportin a combined $4.6 billion deal.
Under terms of the deal, MGM Resorts will form a new joint venture between its MGM Growth Properties( MGP ) - Get Reportand Blackstone Group's Blackstone Real Estate Income Trust (BREIT) that will acquire the MGM Grand Las Vegas real estate assets.
根據交易條款，米高梅度假村(MGM Resorts)將與旗下米高梅Growth Properties(MGM Growth Properties)組建新的合資企業。MGP)-獲取報道，黑石集團(Blackstone Group)旗下的Blackstone Real Estate Income Trust(Breit)將收購米高梅大拉斯維加斯的房地產資產。
BREIT will also purchase $150 million in MGP Class A shares, Blackstone said in its own press release.
百仕通在自己的新聞稿中表示，英國退歐還將購買1.5億美元的MGP A類股。
MGP currently owns the Mandalay Bay, while MGM Resorts currently owns the MGM Grand. Upon completion of the transaction, MGP will own 50.1% of the joint venture, and BREIT will own 49.9%.
MGP目前擁有曼德勒灣，而米高梅度假村目前擁有米高梅大酒店。交易完成後，MGP將擁有合資公司50.1%的股份，英國退歐集團將擁有49.9%的股份。
"These announcements represent a key milestone in executing the company's previously communicated asset-light strategy, one that enables a best-in-class balance sheet and strong free cash flow generation to provide MGM Resorts with meaningful strategic flexibility to create continued value for our shareholders," MGM Resorts CEO Jim Murren said in a statement.
米高梅度假村首席執行官吉姆·穆倫在一份聲明中表示：“這些公告是執行公司此前傳達的輕資產戰略的一個關鍵里程碑，該戰略能夠實現一流的資產負債表和強勁的自由現金流產生，為米高梅度假村提供有意義的戰略靈活性，為我們的股東創造持續的價值，”米高梅度假村首席執行官吉姆·穆倫(Jim Murren)在一份聲明中表示。
The deal is similar to MGM Resorts' sale of its flagship Bellagio casino in Las Vegas to Blackstone last year. In October, Blackstone said its private real-estate investment trust, known as BREIT, would take control of the Bellagio through a $4.25 billion joint venture with MGM Resorts.
這筆交易類似於米高梅度假村(MGM Resorts)去年將其位於拉斯維加斯的旗艦賭場貝拉吉奧(Bellagio)出售給黑石集團(Blackstone)。今年10月，黑石集團(Blackstone)表示，其私人房地產投資信託基金Breit將通過與米高梅度假村(MGM Resorts)成立42.5億美元的合資企業，控制貝拉吉奧酒店。
The MGM Grand Las Vegas includes a hotel and resort as well as three condominium towers. MGM, which retained a 5% stake in the venture, continues to operate the casino and is renting the property from the venture for $245 million a year.
米高梅拉斯維加斯大酒店包括一家酒店和度假村，以及三座共管公寓塔樓。米高梅保留了合資公司5%的股份，繼續運營賭場，並以每年2.45億美元的價格從合資公司租賃物業。
MGM last year sold its Circus Circus hotel and casino for $825 million to Phil Ruffin. Ruffin also owns the Treasure Island casino.
米高梅去年以8.25億美元的價格將其馬戲團酒店和賭場出售給了菲爾·魯芬(Phil Ruffin)。魯芬還擁有金銀島賭場。
Shares of MGM were little changed at $33.36 Tuesday. Shares of Blackstone Group were also little changed at $58.44.
週二，米高梅的股價幾乎沒有變化，為33.36美元。黑石集團(Blackstone Group)的股價也變化不大，為58.44美元。
譯文內容由第三人軟體翻譯。