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A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and in a small number of other ...
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To effect the sale of the Holiday Inn hotel business to Bass PLC, Promus was created as a corporate spin-off, holding Harrah's, Embassy Suites, Homewood Suites, and Hampton Inn; Bass then acquired Holiday Corp., which retained only the Holiday Inn assets. [9] The next year, the company's headquarters moved from Reno to Memphis, Tennessee.
In May 2017, Penn National acquired the operating assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $44 million, and leased the two casinos from GLPI, which had simultaneously purchased the real estate assets. [49] [50] [51] In October 2018, the company acquired Pinnacle Entertainment for $2.8 billion in cash and stock.
Vici more than doubled its size in 2022 by acquiring MGM Growth Properties and the Venetian complex on the Las Vegas Strip. Vici purchased the real estate of the Venetian complex from Las Vegas Sands in February 2022 for $4 billion. [35] [36] The acquisition included the Venetian and Palazzo casino hotels and the Sands Expo convention center. [36]
The success of Beale Street earned John Elkington many honors, including being named by Memphis Magazine in 2011 as one of "The Memphis 35" – people whose influence over the past 35 years "was critical to the growth and evolution of our city." [5] Three years later, the Memphis Flyer tapped him as one of "25 Who Shaped Memphis: 1989-2014."
In May 2017, GLPI purchased the real estate assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $83 million, while Penn National simultaneously acquired their operating assets. [19] [20] In October 2018, the company acquired the real estate of five casinos from Tropicana Entertainment for $964 million.
North Memphis Driving Park (horse racing track), later site of early Belz Enterprises projects The company was founded in North Memphis in 1940 [ 1 ] by Philip Belz (1904-2000). [ 2 ] The firm's earliest projects included small retail and residential spaces and soon expanded to industrial development, starting with a roofing materials factory ...
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