Exhibit 99.1
EXCERPTED INFORMATION FROM STRUCTURAL AND COLLATERAL TERM SHEET (“Term Sheet”)
The following excerpted information was provided by the Landlord’s lender to prospective investors related to the financial and operating performance of CityCenter Holdings, LLC (“Holdings”) for the months of July and August 2021 and for the trailing twelve-month period ended August 31, 2021.
July 2021(1)
August 2021(1)
TTM August 2021
Occupancy(2)
88.2%81.3%55.6%
ADR$258.26$241.52$224.45
RevPAR(2)
$227.87$196.34$124.80
EBITDAR$47,944,139$38,498,590$283,653,621
Total Revenues$771,883,191
Total Expenses$488,229,570
(1)Excludes immaterial amounts related to operations previously accounted for by Crystals that are included within Aria’s financial information.
(2)Occupancy rate and RevPAR are calculated based upon the number of available rooms, which do not reflect an adjustment for out of service rooms.

In addition, the Landlord’s lender provided the following reconciliation of EBITDAR to Total Revenues for the trailing twelve-month period ended August 31, 2021.
TTM August 2021(1)
Revenues 
Hotel Revenue
$245,879,650
Casino Revenue
303,603,781
F&B Revenue
173,926,084
Other Revenue
48,473,676
Total Revenue
771,883,191
 
Departmental Expenses
 
Hotel Expense
84,536,796
Casino Expense
94,959,753
F&B Expense
125,828,612
Other Expense
21,857,106
Total Departmental Expenses
327,182,268
Total Departmental Income
444,700,923
Undistributed Expenses
 
Facilities22,403,750
Property Administration
69,687,651
Marketing & Advertising
10,872,724
Total Undistributed Expenses
102,964,125
 Management Fee(2)
28,000,000
Income Before Fixed Charges
313,736,798
Fixed & Other Expenses
 
Real Estate Taxes
18,079,149
Insurance12,004,027
Total Fixed & Other Expenses
30,083,177
EBITDAR$283,653,621



(1)Excludes immaterial amounts related to operations previously accounted for by Crystals that are included within Aria’s financial information.
(2)MGM allocates a Management Fee expense to the Property’s operating statements in the Property Administration expense. These expenses were re-categorized as a Management Fee. Management Fee was estimated based on the average of revenue from 2018 – 2019.

DISCLAIMER: The monthly and trailing twelve-month (TTM) financial information presented above (the “Information”) was prepared by the Landlord’s financing sources using information provided by MGM to the Landlord’s financing sources in connection with their underwriting process. The Information is not presented in accordance with GAAP, is for periods prior to the date Holdings became a consolidated subsidiary of MGM and cannot be reconciled to net income (the most directly comparable GAAP financial measure) because Holdings does not undertake closing procedures on a monthly basis necessary to compute net income on a basis comparable to its reported quarterly and annual periods; however, Landlord did provide a reconciliation of “EBITDAR” for the TTM period ended August 31, 2021 to revenues, utilizing available GAAP information for that period, which reconciliation is reproduced above. Holdings’ independent registered public accounting firm has not reviewed or audited these results and Holdings’ actual results for the months that are reflected in the financial statements for any quarterly period, including the quarter ended September 30, 2021, may differ as a result of the seller’s financial closing procedures. In particular, with respect to the quarter ended September 30, 2021, final adjustments and other developments that may arise between now and the time the seller’s financial results are final may result in material adjustments to the Information presented above. As a result, investors should exercise caution in relying on the Information and should not draw any inferences from the Information regarding financial or operating data not provided. The Information should not be viewed as a substitute for full financial statements prepared in accordance with U.S. GAAP. In addition, the Information is not necessarily indicative of the results to be achieved in any future period, including the quarterly period ended September 30, 2021.