/

|

Caesars Entertainment is selling the LINQ Promenade to real estate investors for $275 million, the casino giant announced on Tuesday.

The Promenade is a shopping and dining attraction between the Flamingo Las Vegas and Caesars’ LINQ Hotel + Experience on the Las Vegas Strip. Caesars representatives said the sale has no effect on the hotel-casino or the High Roller attraction.

The new owner, pending regulatory approval, is a joint venture that will be formed by TPG Real Estate and the Investment Management Platform of Acadia Realty Trust. The sale is expected to close before the end of the year.