Transformative Acquisitions: MGM Growth Properties & The Venetian Resort
IN MARCH 2021, VICI ANNOUNCED THE ACQUISITION OF THE REAL ESTATE OF
THE ICONIC, WORLD-RENOWNED VENETIAN RESORT COMPLEX ON THE LAS
VEGAS STRIP(1)
S
ASSET OVERVIEW
Hotel Rooms
Gaming Platform
MICE Platform
3 Towers
~7,100 keys
THE VENETIAN
LAS VEGAS
~225K SF
~200 tables
~2,000 slots
THE
VENETIAN
Rea-Hotel-Casino
~2.3mm SF
14 ballrooms
5 exposition halls
333 meeting rooms
VENETIAN MEETINGS
THE ALAZZO
THE PALAZZO
Las Vegas
THE VENEZIA
THE VENETIAN RESORT
-
Food & Beverage
35 restaurants
9 bars
Delmonico majordomo
Steakhouse
LAVO
YARABING TAO CUT
LAS VEGA
VAN
WOLFGANG PUCK
BLACK TAP
CRA SLICIES & SPARES
BOUCHON
Entertainment
4 venues
(~5,000 seats)
The MSG Sphere
(~18,000 seats) -
Owned by MSG
Expected Opening:
SPHERE
2H2023
THE
VENETIAN
THEATRE
A TRULY IRREPLACEABLE EXPERIENTIAL ASSET
Retail
The Grand
Canal Shoppes
(~160+ stores) - Owned
by Brookfield
GRAND CANAL
SHOPPES
THE VENETIAN" THE PALAZZO
Largest Single
Hotel Complex
in America (2)
One of the
Largest Single
Assets on the
Las Vegas Strip
Largest Private
Sector Convention
and Trade Center
in America (3)
One of the
Largest Gaming
Assets in
America (3)
One of the
Highest
Revenue Producing
Single Assets in
American
Commercial
Real Estate
Highest
Combined Rating of
Any Asset on the
Las Vegas Strip
by TripAdvisor
VICI
(1) The pending Venetian Resort acquisition is subject to customary closing conditions and regulatory approvals. (2) By number of hotel rooms. (3) By square footage.
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