MGM Resorts Hires CEO For New Real Estate Trust Ahead Of IPO

MGM Resorts International said Thursday that it has chosen James C. Stewart, formerly an executive at Greenhill & Co., to be chief executive of MGM Growth Properties LLC, a real estate trust the company plans to take public. James Stewart, along with a new chief financial officer, Andy H. Chien, also from Greenhill & Co., will head up the offering for MGM Growth Properties, which is made up of ten "premier" real estate properties and more than 24,000 hotel rooms. "As we continue our path toward the creation of MGP, the knowledge and expertise that James and Andy bring will be invaluable in positioning MGP as a leading real estate investment trust," Jim Murren, CEO of MGM Resorts International, said in the press release.