Hotel · Las Vegas Strip
Bellagio Las Vegas
3600 South Las Vegas Boulevard, Las Vegas Strip · Built 1998 · 36 floors
Partial
sourcedmodeled0 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Blackstone Real Estate Income Trust (BREIT) - majority owner of the real estate via a joint venture.
3 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
3933 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Estimated — no sourced claim on file.
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Blackstone Real Estate Income Trust (BREIT) - majority owner of the real estate via a joint venture: Single source — realtyincome.com · https://www.realtyincome.com/investors/press-releases/realty-income-announces-950-million-investment-bellagio-las-vegas-51
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.