- Category
- Defining Matters
- Date
- April 05, 2019
- Title
-
Kramer Levin Represents VICI Properties in $745 Million Acquisition of Jack Cincinnati Casino and Lease to Hard Rock International
On April 5, 2019, Kramer Levin client VICI Properties Inc. announced that its subsidiary has, together with a subsidiary of Hard Rock International, entered into definitive agreements to acquire the JACK Cincinnati Casino, located in downtown Cincinnati, Ohio, for an aggregate purchase price of approximately $745 million in cash. Pursuant to the agreements, VICI will acquire 100% of the membership interests of a subsidiary of JACK Cincinnati that owns the real estate assets of JACK Cincinnati for $558 million, and Hard Rock will acquire the operating assets of JACK Cincinnati for $187 million. Simultaneous with the closing of this transaction, VICI will enter into a triple-net lease agreement with Hard Rock related to JACK Cincinnati.
Related People
-
-
Todd E. Lenson
-
- Partner
- Deputy Chair, Corporate; Co-Chair, Equity Capital Markets and Public Companies
- New York
- vcard
-
-
-
Jordan M. Rosenbaum
-
- Partner
- New York
- vcard
-
-
-
James P. Godman
-
- Partner
- New York
- vcard
-
-
-
Tzvi Rokeach
-
- Partner
- New York
- vcard
-
-
-
David J. Fisher
-
- Partner
- New York
- vcard
-
-
-
Jeffrey H Taub
-
- Special Counsel
- New York
- vcard
-
-
-
Eleni Zanias
-
- Special Counsel
- New York
- vcard
-
-
-
Seth R. Niedermayer
-
- Partner
- New York
- vcard
-
-
-
Jacqueline Ryu
-
- Associate
- New York
- vcard
-
-
-
M. Mendel Trapedo
-
- Counsel
- New York
- vcard
-
-
-
Barry Herzog
-
- Partner
- Chair, Tax
- New York
- vcard
-
-
-
Rita Celebrezze D'Souza
-
- Special Counsel
- New York
- vcard
-
