Caesars Entertainment (CZR) to Sell the LINQ Promenade for $275M
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Caesars Entertainment, Inc. Enters into Definitive Agreement to Sell the LINQ Promenade
October 29, 2024 5:00 PM EDTLAS VEGAS & RENO, Nev.--(BUSINESS WIRE)-- Caesars Entertainment, Inc. (NASDAQ: CZR) (Caesars) today announced an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. This sale is subject to customary approvals and other closing conditions and is expected to close during the fourth quarter 2024.
The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members... More
