![]() Wynn Resorts owns and operates Wynn Las Vegas ( ), Encore Boston Harbor ( ), Wynn Macau ( ), and Wynn Palace, Cotai ( ). Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. The rent will escalate annually at a rate of 1.75% for the first ten years and the greater of 1.75% or CPI (capped at 2.5%) over the remaining initial lease term. The lease has an initial annual rent of $100 million for a term of thirty years with one thirty-year renewal option. ![]() Wynn Resorts will continue to operate the Encore Boston Harbor integrated resort at the five-star standard for which the Company is renowned via a triple net lease arrangement with Realty Income. The net proceeds of the transaction will further strengthen the Company’s global liquidity position to $4.4 billion. 1, 2022- Wynn Resorts, Limited (NASDAQ: WYNN) today announced that it has completed the sale of the land and real estate assets of Encore Boston Harbor to Realty Income Corporation ( Realty Income, NYSE: O) for $1.7 billion in cash, representing a cash cap rate of 5.9%, having received all necessary regulatory approvals.
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