Transformative Acquisitions: MGM Growth Properties & The Venetian Resort
LAS VEGAS INVESTMENTS ACQUIRED AT A SIGNIFICANT DISCOUNT TO IMPLIED
ESTIMATED CONSTRUCTION COST
THE VENETIAN RESORT (1)
MGP LAS VEGAS PORTFOLIO (1)
7,092
Hotel Rooms
MGM
炒麵
GRAND
27,813
Hotel Rooms
RESORTS WORLD (2)
Cathall
etor
CROCKFORDS
CONRAD
$4.3Bn
Estimated Construction Cost
$0.6MM
Investment per Room
$0.6MM
Investment per Room if Entire MGP
Acquisition Price Applied Only to
the Las Vegas Segment of the
Portfolio
(i.e., no price applied to the
regional segment of the portfolio)
3,506
Hotel Rooms
$1.2MM
Estimated Cost per Room
VICI
(1)) Pro forma for the pending acquisitions of MGM Growth Properties and the Venetian Resort, which are subject to customary closing conditions and regulatory approvals. (2) Included for comparative purposes only, based on
publicly available information.
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