As a result, MGM has obtained an ownership stake in the Operating Partnership of nearly 69%. The redeemed units represented a purchase price of $275 million. Under the terms of the recently closed deal, MGM Growth Properties Operating Partnership redeemed approximately 9.4 million of its Operating Partnership units from a MGM subsidiary. The property continued to be operated by Florida-based gaming and hospitality company Hard Rock International under an agreement with its new owner until it was announced last September that rival MGM would purchase the operating assets of one of Ohio’s busiest gambling facilities.

MGM Growth Properties purchased the Northfield, Ohio-based venue from Milstein Entertainment last year for $1.02 billion. As part of the transaction, MGM will lease the real property from its REIT. MGM Resorts International announced Monday that it has completed the acquisition of the operating assets of Hard Rock Rocksino Northfield Park from its real estate investment trust MGM Growth Properties. MGM acquires Hard Rock Rocksino Northfield Park’s operating assets to add another gambling property to its ever-growing portfolio

For more information about Hard Rock Rocksino Northfield Park, please visit. On October 18, 2017, the Rocksino opened ROCKSTOP GAS & WASH, a new Hard Rock branded and first of its kind, state-of-the-art gas service station and car wash. As a focal point for the Center Bar leading into Hard Rock Cafe, Van Halen's red hot motorcycle makes 'everybody want some' as one of many 'arena rock' pieces from Hard Rock's unmatched, priceless memorabilia collection at the Rocksino. In addition, the Rocksino offers a Rock Shop with famed Hard Rock merchandise to take home memories of the Rocksino experience, as well as a 350-seat live venue, Club Velvet, features comedians and illusion acts, dance parties, special events and is also readily available for private parties and events. The Rocksino offers the legendary vibe of the Hard Rock brand, including more than 2,300 gaming devices, varied dining options and unparalleled live music events. Hard Rock Rocksino Northfield Park is Ohio’s award-winning gaming, dining, and entertainment destination, located on the Northfield Park harness racing grounds.

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