MGM National Harbor's sale was a big deal for Prince George's

When MGM Resorts International sold MGM National Harbor to its affiliated real estate investment trust, it paid off in a big way — to Prince George's County.

The transaction between MGM Resorts (NYSE: MGM) and MGM Growth Properties (NYSE: MGP) brought with it a check for $23.2 million in deed transfer and recordation taxes, the largest single payment in the county's history, Thomas Himler, a top county economic development and finance official, tells me.

That was bound to happen, as Prince George's…...

20 Published By - San Francisco Business Times - Travel Business News - 2018.01.12. 18:43
Share |