Las Vegas · Luxury
The Cosmopolitan of Las Vegas
3027 keys · Las Vegas · The Cosmopolitan
Hotel-casino. The 2022 MGM purchase price includes operations, assumed debt, and residual land — not a rooms-only number.
West · gateway
Las Vegas
Hotel-casino trophies and Strip-adjacent rooms. Many public prices include gaming, retail, or sale-leaseback structures — read the footnote. Apple’s 2023 SpringHill Suites Las Vegas Convention Center $75.0 million tape is a 299-key rooms-focused buy — not a Strip palace PPK.
- Hotels
- 4
- Graph events
- 6
- Cited prices
- 6
- Desks
- 2
Hotels
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Las Vegas · Upper upscale
The Venetian Resort Las Vegas
7092 keys · Las Vegas · The Venetian
Hotel-casino plus expo. 2022 Apollo/VICI split ops and real estate. Do not treat $6.25B as a rooms-only PPK.
Las Vegas · Luxury
Bellagio
3933 keys · Las Vegas · Bellagio
2019 real-estate sale-leaseback. Price is land and building under a lease, not a conventional hotel sale.
Las Vegas · Upscale
SpringHill Suites Las Vegas Convention Center
299 keys · Las Vegas · SpringHill Suites
Convention Center SpringHill. Apple bought the existing 299-key house on December 27, 2023 for $75.0 million (2023 10-K table). Seller unnamed. Rooms-focused — not a Strip palace PPK.
Desks covering this market
Public coverage lists, not a claimed book. Open a desk for the graph timeline.
Newmark Hotels, Gaming & Leisure
Newmark Hotels, Gaming & Leisure desk
Investment sales practice
Practice-level node for Newmark’s hotels, gaming, and leisure group. Useful when a public filing or press release names Newmark.
4 public graph events · 2 cited · 2 unknown
2024 · 2022 · 2021 · 2020
Eastdil Secured — trophy / lodging
Investment banking
Large-cap real estate investment bank. Hotel work is typically trophy or portfolio, named in the financial press when it is public.
18 public graph events · 14 cited · 4 unknown
2026 · 2024 · 2022 · 2021 · 2020 · 2019
Public tape · 1 events
Transactions
Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.
News / press releaseNov 15, 2019
Bellagio real estate — sale-leaseback to Blackstone / GIC
Bellagio · 3933 keys · Luxury
Consideration
$4.25B
$1.1M / key
Sale-leaseback of real estate. MGM continued to operate under a long lease.
MGM Resorts announcement, 2019
MGM sold Bellagio real estate to Blackstone Real Estate and GIC and leased it back. This is a financing/real-estate structure, not a conventional going-concern hotel sale. Cap-rate comparisons to a boutique independent will mislead.