📊 Topic

Take-Private Transactions

2 stories · First covered Mar 14, 2026 · Latest Jun 20
Related: Revenue per available room (RevPAR) 1 MGM Resorts International 1 Caesars Entertainment 1 Las Vegas Strip 1 Hotel REITs 1 NAV (Net Asset Value) 1 U.S. Hotel Investment Market 1 Private Capital 1 Hotel Asset Valuation 1 Debt Markets 1 Special Committee Process 1 Lifestyle Trust 1
Debt Markets
Take-Private Transactions Coverage
Two Casino Giants Getting Bought in the Same Month. That's Not Coincidence.
Transactions Primary
Jun 20

Two Casino Giants Getting Bought in the Same Month. That's Not Coincidence.

People Inc. is offering $18 billion for MGM while Fertitta is taking Caesars private for $17.6 billion, and both deals are built on the same thesis: public markets have been punishing these companies for years while the buildings kept printing money. If you operate a hotel inside either portfolio, the math behind your management contract is about to get very different.

MS
Mike Storm 3 min read · Jun 20
Hotel REITs Trading 33.5% Below NAV. The Take-Private Math Is Getting Loud.
REITs Primary
Mar 14

Hotel REITs Trading 33.5% Below NAV. The Take-Private Math Is Getting Loud.

Public hotel REITs are priced like distressed assets while private buyers are paying full freight for the same buildings. That gap is either the market being irrational or a massive arbitrage window that's about to close.

JC
Jordan Chen 3 min read · Mar 14