Deutsche Bank sells casino to Blackstone for $1.7 billion from the sale of casino, called The Cosmopolitan, a spokesman said on Thursday.
The lender agreed to sell the Cosmopolitan, one of the most expensive resorts in Las Vegas, to the Blackstone Group for about billion in.
The property's lender, Deutsche Bank AG, took over construction in a 2008 Blackstone isn't looking to sell Cosmopolitan and is open to.
Deutsche bank to sell cosmopolitan casino to blackstone - 11:00
From Wikipedia, the free encyclopedia. Other Ways to Listen. Blackstone is a major investor in the world of real estate, and they already owned a small stake in Caesars Entertainment. Bill McBeath knew exactly what was missing at the Cosmopolitan Las Vegas: gamblers. Crown Resorts Exec Rumored to Have Been Collecting Debts When Arrested. Some analysts found the purchase to represent a major statement on the future of the Las Vegas Strip.
FCC Public Inspection File. From Around the Web Promoted by Revcontent. The hotel was originally planned to open and be operated by Hyatt as the Grand Hyatt Las Vegas. They've waited for the market to move. The Best of Car Talk. That meant it was somewhat surprising when Deutsche Bank announced that they had sold the casino to another group with very limited casino experience. Deutsche Bank is finally leaving Las Vegas.