Fengate co-leads buy of Las Vegas' Hard Rock Hotel & Casino
Virgin Hotels, the lifestyle hotel brand of Virgin Group's Richard Branson, has partnered with a group of investors to acquire the Hard Rock Hotel & Casino in Las Vegas. No financial terms were released. The group, which plans to open a refurbished property called Virgin Hotels Las Vegas in 2019, was led by Canada's Fengate Real Asset Investments and U.S.-based Juniper Capital Partners. Laborers’ International Union of North America’s Central and Eastern Canada Pension Fund also invested as a Fengate partner. The seller was a private real estate fund managed by Brookfield Asset Management.
2 April 2018•6 mins read
