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Caesars Entertainment closes sale of the LINQ Promenade13 December 2024(PRESS RELEASE) -- Caesars Entertainment, Inc. announced the closing of the previously announced sale of The LINQ Hotel + Experience Promenade to a joint venture formed between TPG Real Estate and the Investment Management Platform of Acadia Realty Trust for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of our Term Loan B due 2030 with the proceeds from the transaction. Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck, LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia. |