Simpson Thacher is representing Blackstone in connection with the acquisition of Aria Resort & Casino and Vdara Hotel and Spa from MGM Resorts International (NYSE: MGM) for $3.89 billion in cash. Following the acquisition, both properties will be leased to MGM Resorts for initial annual rent of $215 million.~~Blackstone’s acquisition is expected to close in the third quarter, subject to certain closing conditions.~~The Simpson Thacher team includes Erik Quarfordt, Greg Ressa, Jason Mohr, Sam Rudik and Emily Rosenthal (Real Estate); Nancy Mehlman and Edward Grais (Tax); Benjamin Wells and Drew Harmon (Funds); Michael Carnevale, Daniel Levien and David Caldwell (International Regulatory and Compliance); Jeanne Annarumma (ERISA); and Andrew Blau (ECEB). Summer Associates Elizabeth Greene and Josh Goldman provided valuable assistance.