September 28, 2021
Weil advised MGM Resorts International (MGM Resorts) in its $2.1 billion acquisition of the 50% stake it did not already own in CityCenter, a site on the Las Vegas Strip that comprises the Aria Resort & Casino and Vdara Hotel and Spa, from Infinity World Development Corp., an owner and operator of residential, resort and retail complexes. In a simultaneous transaction, Weil advised MGM Resorts in its $3.9 billion sale and leaseback of the Aria Resort and Vdara Hotel real estate at CityCenter to Blackstone. The transactions closed on September 28, 2021.
The Weil team that advised MGM Resorts was led by Mergers & Acquisitions partner Michael J. Aiello and included Mergers & Acquisitions partner Sachin Kohli and Mergers & Acquisitions associates Nate Trunnell, Karl de la Roche and Ting Liu. The team also included Real Estate Co-Head Michael Bond; Real Estate partner Nellie Camerik; Real Estate counsel Jason Comer and Jannelle Seales; Real Estate associates Elizabeth Jaikaran and Shira Barron; Tax Head Joseph Pari; Tax partner Dave Levy; and Tax associate Brian Senie.