“We are excited about the addition of the market leading Hard Rock Rocksino to our portfolio. MGP funded the acquisition with cash on hand and borrowings under its senior secured credit facility. Various Milstein companies have invested in excess of a billion dollars in Ohio business ventures and commercial real estate projects over the past 50 years.īuyer: MGM Growth Properties LLC today announced that it has completed the previously announced acquisition of the Hard Rock Rocksino Northfield Park for approximately $1.06 billion. Northfield Park was purchased by the Ohio based Milstein family in 1972. Northfield Park is a year round operation that conducts more than 200 nights of live racing a year and simulcasts both thoroughbred and harness racing 364 days a year. Northfield Park, Ohio’s premier racetrack and one of the nation’s top harness racing facilities, is situated on 115 acres located 15 miles south of Cleveland and 18 miles north of Akron, Ohio. Seller: Milstein Entertainment LLC, who developed the property in 2012, at a cost, then, of US$275m.
ft casino! with five restaurant/cafe outlets, a 1876 seat auditorium, of Keys: None…not a hotel! Just a 200,000 sq.
