Posted on:Weil in the News
Weil is advising MGM Resorts International (MGM Resorts) in its pending $2.1 billion acquisition of the 50% stake it does not already own in CityCenter, a site on the Las Vegas Strip that is comprised of 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 is advising MGM Resorts in its pending $3.9 billion sale and leaseback of the Aria Resort and Vdara Hotel real estate at CityCenter to Blackstone. The transactions are expected to close in the third quarter of 2021, subject to customary closing conditions.
The Weil team advising MGM Resorts is led by Mergers & Acquisitions partner Michael J. Aiello and includes Mergers & Acquisitions partner Sachin Kohli and Mergers & Acquisitions associates Nate Trunnell, Karl de la Roche and Ting Liu. The team also includes 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.