Who Owns The Bellagio

The Bellagio is primarily owned by a joint venture led by Blackstone Real Estate Income Trust (BREIT), which acquired the property in 2019 in a sale-leaseback deal with MGM Resorts International. In this arrangement, MGM Resorts sold the real estate to Blackstone for $4.25 billion but retained a 5% ownership stake and continues to operate the resort under a long-term lease^[3][5][6].

As of August 2023, Realty Income Corporation, a real estate investment trust, agreed to acquire a 21.9% indirect interest in the Bellagio for $950 million, with BREIT retaining a 73.1% interest following the transaction^[1][5]. MGM Resorts International remains the operator of the property and holds a 5% ownership interest^[1][5].

References

• [1] Blackstone To Sell 22% Stake in Bellagio Las Vegas for $950 Million – CoStar
• [3] Bellagio sold to Blackstone in $4.2B leaseback deal – Review-Journal
• [5] Bellagio (resort) – Wikipedia
• [6] Bellagio (resort) Facts for Kids – Kiddle