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.
Public tape · 114 of 282 · 2022
Hotel-casinoNot rooms-onlyFeb 23, 2022Historical cited · 2022
The Venetian Resort Las Vegas — Sands to Apollo / VICI
Las Vegas Sands sold The Venetian Resort. Structure split operations and real estate. $6.25B is not a rooms-only hotel sale. Expo, retail, and gaming are inside the number.
$6.25B
Cited consideration · 7092 keys · $881k / key
Ops to Apollo affiliates; real estate to VICI. Includes expo and gaming.
Las Vegas Sands / VICI Properties press releases, 2021–2022
News or press — not a filing. Harbor will not invent a confidential consideration.
Deal FrameLiving packetLabeled estimateCompare this tape2022 cited corpus
- Corpus
- Historical cited · 2022
- Keys at tape
- 7092
- Segment
- Upper upscale
- Market
- Las Vegas
- Buyer
- VICI Properties
- Seller
- Las Vegas Sands
Source
Las Vegas Sands / VICI Properties press releases, 2021–2022
https://sands.comDesks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
Estimate ↔ tape
The worksheet next to the filing
Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.
- Tape
- $6.25B
- Worksheet
- $8.59B
- Gap
- +37%
$881,247 / key · 7092 keys
$1,210,757 / key · Harbor defaults
Las Vegas · worksheet vs tape PPK
Ops to Apollo affiliates; real estate to VICI. Includes expo and gaming.
Las Vegas Sands / VICI Properties press releases, 2021–2022
News or press — not a filing. Harbor will not invent a confidential consideration.
The house
Run the labeled estimate
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Same house or same market · 1
Related public tapes
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
News / press releaseFeb 14, 2020
MGM Grand & Mandalay Bay — sale-leaseback
Las Vegas · 9300 keys · Upper upscale
Consideration
$4.60B
Two hotel-casinos in one real-estate sale-leaseback to MGP / Blackstone vehicles.
MGM / MGM Growth Properties announcements, 2020
Combined real-estate sale-leaseback. Harbor does not split the $4.6B into two invented hotel prices. Not a rooms-only comp.