U.S. resorts owner MGM Growth Properties has purchased Hard Rock Rocksino Northfield Park, a gaming facility in Northfield, Ohio, for about $1.06 billion from Milstein Entertainment, a unit of MGM Resorts International.
The Rocksino is a gaming, dining and entertainment facility located in Northfield, Ohio, a suburb approximately 17 miles southeast of downtown Cleveland and 18 miles north of Akron. The property, which sits on 110 acres, consists of the 200,000-square foot gaming facility which features over 2,300 video lottery terminals, a variety of retail and food and beverage outlets, as well as entertainment venues, including a 1,900-seat music venue and a 250-seat event space. It also includes a year-round horse racetrack and a gas station and car wash.
The transaction is expected to close in the second half of 2018 and is subject to customary closing conditions and regulatory approvals.
