![]() Wynn and Encore Las Vegas features 4,748 spacious hotel rooms, suites and villas, 33 dining experiences and bars, two award-winning spas, three shopping esplanades, meeting and convention space, two nightclubs, a beach club, two theaters and a golf course. Wynn Resorts owns and operates Wynn Las Vegas (), Encore Boston Harbor (), Wynn Macau (), and Wynn Palace, Cotai (). Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Kirkland & Ellis LLP and Latham & Watkins LLP acted as legal advisors to Wynn Resorts in connection with the transaction. The transaction is subject to customary closing conditions, including required regulatory approvals, and is expected to be completed during the fourth quarter of 2022. The Company has secured an option to sell the related land and real estate assets of such expansion to Realty Income for up to $20 million of additional rent, at a specified cap rate, for up to six years following the closing of the transaction. Wynn will retain its 13-acre developable land assemblage on the east side of Broadway in Everett, MA, on a portion of which, the Company plans to construct an expansion that is expected to include additional covered parking along with other non-gaming amenities. Rent under the lease will escalate at 1.75% for the first ten years of the lease and the greater of 1.75% and the CPI increase during the prior year (capped at 2.50%) over the remainder of the lease term. The lease will have an initial total annual rent of $100.0 million and an initial term of 30 years, with one thirty-year tenant renewal option. Simultaneous with the closing of the transaction, we will enter into a triple-net lease agreement for Encore Boston Harbor with Realty Income. Wynn Resorts will continue to operate the property at the five-star standard for which the Company is renowned. If you're looking for high-end opulence, this just might be the ticket.LAS VEGAS, February 15, 2022-( BUSINESS WIRE)-Wynn Resorts (NASDAQ: WYNN) ("we" or the "Company") announced today that it has entered into a definitive agreement to sell all of the land and real estate assets of Encore Boston Harbor to Realty Income (NYSE: O) for $1.70 billion in cash, representing a 5.9% cap rate (the "transaction"). And considering that the pools weren't really an option during my stay (cabanas were closed for the season, and it was too cold in late November to swim anyways) I can only imagine how much more enjoyable it would've been during a warmer time of year. Overall, I had a great time and found that I never had to leave the Encore/Wynn complex over the two days I was in Vegas. You'll end up walking 20-25 minutes each way to the Wynn to place your bets, which becomes something of a pain in the neck after you've down it more then three times. And if you like wagering on sports, please note that the Encore DOES NOT have a sports book. ![]() Most blackjack tables pay out at 6/5 versus the traditional 3/2 when the player hits 21, which makes a big difference in the long run. Large bathroom with separate bath tub, shower, and a toilet in its own room with door.these always make staying at a hotel that much nicer.Īs far as the gaming goes.this is why the Encore will only get 5 stars from me. View was nothing spectacular, but the window let in a nice amount of light and using the remote control for the window shades made me feel VERY classy. Spent two nights in an Encore Suite King with a view of downtown. Simply put, this is one of the nicest hotels I've ever stayed at. I'll come stay with you when I have the coin, but when push comes to shove, I can always take a cab to you, but who I sleep with is forever. But when I interact with your staff, I don't get the same treatment I can at FS and MO, and that always creates a bit of difficulty. But the fact that I don't gamble thousands of dollars makes me feel less at your properties. Wynn Las Vegas, oh I want to love you so. The room was nice, but at Four Seasons and especially at Mandarin Oriental, the staff just went that extra little mile to make you feel comfortable. I got only marginal advice from the concierge staff. I had to call a few times to get room service dishes cleared. This is not to say that the staff wasn't kind but there was a certain edge missing. Having stayed at the Wynn Tower Suites, in a Salon Suite no less, I couldn't help feeling that the service and the attention to detail was a little less than what I could have had at Four Seasons or Mandarin Oriental. As a people watching spot, both Wynn and Encore know no equal as the pretty people walk by to and from XS. When I feel spendy, I enjoy playing there. Wynn and Encore always creates mixed feelings in me.
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