Hotel · Philadelphia
Live! Casino & Hotel Philadelphia (900 Packer Avenue)
—, Philadelphia
Verified
sourcedmodeled1 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Gaming and Leisure Properties, Inc. (GLPI) owns the land and real estate assets since March 2022; leased to and operated by The Cordish Companies (Stadium Casino RE LLC).
1 recorded holder, with each holder's interest percentage and class.
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: Single source — NBC10 Philadelphia · https://www.nbcphiladelphia.com/news/business/live-casino-philadelphia-inside-gambling/2669716/ · observed 2021
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Gaming and Leisure Properties, Inc. (GLPI) owns the land and real estate assets since March 2022; leased to and operated by The Cordish Companies (Stadium Casino RE LLC): Single source — cdcgaming.com · https://cdcgaming.com/glpi-acquisition-of-real-estate-under-two-live-casinos-closes/
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.