MGM Resorts Plans to Offload Bulk of Its Real Estate Trust for $4.4 Billion

Håkan Dahlström  / Flickr

MGM Resorts plans to sell a majority stake in its lodging trust, MGM Growth Properties. Håkan Dahlström / Flickr

Skift Take: The sale to VICI Properties is the latest example of MGM Resorts following the hotel industry’s “asset-light” business model and stepping back from real estate ownership. Some of the company’s biggest landmark resorts, like the Bellagio, have already been sold off to Blackstone.

— Cameron Sperance

Read the Complete Story On Skift