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Crown offloads Nobu stake in deal valuing restaurant group at $1.3b

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Crown Resorts has sold its 20 per cent stake in acclaimed Japanese restaurant and hotel chain Nobu – part-owned by Hollywood star Robert De Niro – in a $US180 million deal ($266 million) as the Blackstone-owned casino giant looks to reset its gaming and hospitality business.

The transaction values the entire Nobu business, which Crown acquired a stake in when it was controlled by billionaire James Packer, at $1.3 billion.

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    Original URL: https://www.afr.com/property/commercial/crown-offloads-nobu-stake-in-deal-valuing-restaurant-group-at-900m-20240711-p5jsry