As part of the deal, Realty Income will also drop $650 million in preferred equity interest into the new joint venture with Blackstone, according to both companies. The real estate investment trust (REIT) Realty Income agreed to buy the stake, which Blackstone has reportedly been shopping around for months, for $300 million, the Wall Street Journal first reported. Photo: George Rose/Getty Imagesīlackstone will sell a 22 percent stake in the Bellagio hotel in Las Vegas, in a deal that values the hotel at nearly $1 billion more than when Blackstone bought it in 2019. Members of Marriott Bonvoy, Marriott’s award-winning loyalty platform with over 180 million members globally, will be able to earn and redeem Marriott Bonvoy points for stays at all MGM Collection with Marriott Bonvoy destinations including ARIA Resort & Casino, Bellagio Resort & Casino, Park MGM Las Vegas and The Cosmopolitan of Las Vegas.The Bellagio hotel and casino. Members of MGM Rewards, MGM Resorts’ acclaimed loyalty platform with more than 40 million members globally, will be eligible to link accounts with Marriott Bonvoy and receive select member benefits.

These resorts will continue to be available on MGM Resorts’ channels, including, and the MGM Resorts mobile app.Īs described in these FAQs, the agreement between MGM Resorts and Marriott will also benefit members of both companies’ loyalty programs upon its launch at participating MGM Collection with Marriott Bonvoy destinations. The benefits described in these FAQs will be available for MGM Resorts destinations once they are available on Marriott channels.

By early 2024, several MGM Resorts destinations will be available for booking on Marriott’s robust digital platforms, including and the Marriott Bonvoy mobile app.

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