![]() In addition, Bally's has agreed to lease the land underlying the Tropicana property from GLPI for an initial term of 50 years at annual rent of $10.5 million, subject to increase over time. ![]() The purchase price for the Tropicana property's non-land assets is $150 million. It includes 1,470 guestrooms, 50,000 square feet of casino space with 1,000 gaming positions, a 1,200 seat performance theater and 100,000 square feet of convention and meeting space. The Tropicana Las Vegas, a DoubleTree by Hilton hotel and casino is located on a 35-acre parcel on the corner of Tropicana and Las Vegas boulevards. Bally's estimates the transaction to be valued at approximately $308 million. has agreed to purchase the Tropicana Las Vegas hotel and casino from Gaming and Leisure Properties, a publicly traded gaming-focused real estate investment trust. ![]()
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