Century Casinos, Inc. (NASDAQ: CNTY) acquired the operations of Rocky Gap for approximately $56.1 million, subject to customary working capital adjustments, and VICI Properties Inc. (NYSE: VICI) acquired an interest in the land and buildings associated with Rocky Gap for approximately $203.9 million.
District Hospitality Partners, a privately held hospitality investment group that owns properties nationwide, announced today the acquisition of the Westin Annapolis.
Dauntless Capital Partners has purchased the 216-key Hilton Garden Inn Bethesda Downtown, it was announced today. The deal closed on June 8, 2023 in a purchase from Bethesda Hotel Associates, LLC, an affiliate of The Donohoe Companies, Inc.
Golden Entertainment, Inc. (NASDAQ: GDEN) announced today that it entered into definitive agreements to sell Rocky Gap Casino Resort for aggregate cash consideration of $260 million.
OTO Development has acquired Dunes Manor Hotel, Court & Suites in Ocean City, Maryland. The deal adds a long-popular resort complex to the hotelier’s growing beachfront portfolio.
American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced that it has exercised its option to buy out the ground lease associated with its Fairfield Inn & Suites White Marsh hotel in Baltimore, Maryland, and has completed the purchase of land for US$1.9 million plus closing costs.
Additional capital investments will be made to update all guestrooms and common spaces
MGM Resorts International (NYSE: MGM) and MGM Growth Properties LLC (NYSE: MGP) announced today that they have entered into a definitive agreement whereby a subsidiary of MGP will purchase the long-term leasehold interest and real property improvements associated with the MGM National Harbor casino resort.
The hotels are adjacent to Arundel Mills, the largest upscale retail center in the state of Maryland, and Maryland Live! Casino, one of the largest casino destinations in the United States with more than 260,000 square feet of gaming space.
Ashford Hospitality Trust, Inc. (NYSE: AHT) announced today that it has closed on the sale of the 162-room SpringHill Suites Gaithersburg in Gaithersburg, MD for approximately $13.2 million ($81,000 per key).