Churchill Downs just put nine regional casinos on the block, including a $290 million property that opened 26 months ago. The implied valuation gap between what they built and what they'll likely sell for tells you everything about where regional gaming capital is flowing next.
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Mar 23
One Beverly Hills just locked in the largest hospitality financing package in a decade for a 78-suite Aman hotel and luxury residential complex. The per-key math on the hotel component alone should make every asset manager in the country recalibrate what "luxury" means as an investment thesis.
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