The Cosmopolitan

The Cosmopolitan of Las Vegas
Location	Las Vegas
opening	December 15, 2010
room	2,995
Casino area	9,300 m²
Restaurants	Blue Ribbon Sushi Bar & Grill, China Poblano, Comme Ça, Rose.Rabbit.Lie, Holsteins, Jaleo, Wicked Spoon and many more.
owner	Blackstone Group
Website	The Cosmopolitan's website

Daytime view

The Cosmopolitan (officially: The Cosmopolitan of Las Vegas ) is a casino and hotel complex in Las Vegas in the US state of Nevada . The hotel opened in December 2010 and is located south of the Bellagio on the Strip .

investment

The complex consists of two 61-storey towers, in which there are 2995 rooms and suites , as well as the base area. It houses a 9300 m² casino, restaurants, bars and retail space on 28,000 m², a spa and fitness center, several pools as well as conference rooms and a theater with 1,800 seats. Untypical for Las Vegas, the majority of the rooms have balconies and windows that can be opened.

history

The project was conceived by Ian Bruce Eichner. Construction began in October 2005 and opened on December 15, 2010. The resort was built on land that used to be the parking lot of the Jockey Club, a smaller apartment complex. Since this remained in place, it was agreed before construction that residents of the Jockey Club could from now on use part of the new hotel garage as an alternative. Next to The Palazzo, the Cosmopolitan is the second hotel to have an underground car park instead of a multi-storey car park.

Originally the hotel was to be operated as the Grand Hyatt Las Vegas; the German bank wanted to give the real estate mogul Eichner a loan. In January 2008, however, it became known that the project had funding problems. During the financial crisis , Eichner ran out of money, he could not pay an outstanding installment, but the complex was not even half finished. While the project developers were looking for new financing options, construction continued for the time being; however, no final agreement could be reached. In order not to have to accept a complete loss, Deutsche Bank took over the project in September 2008 and completed it in cooperation with real estate developers from the Related company according to their own ideas and their advice. The total cost is given as four billion US dollars. The casino was originally planned to be on the second floor, but, as is usual in Las Vegas, it was finally moved to the ground floor area. In addition, apartments were to be accommodated in the complex, but they were replaced by additional hotel rooms.

In the meantime, several hotel groups and operating companies from various Las Vegas resorts were interested in acquiring the property. In 2010 the hotel was put into operation in stages and became part of the Marriott International Autograph Collection , an association of independent hotels that have access to the Marriott chain's reservation and bonus programs . Also occurs Ritz-Carlton hotel on as a partner. In 2014, Deutsche Bank was able to sell the complex to the Blackstone Group . The purchase price is named as 1.7 billion US dollars. The hotel has consistently suffered losses since 2010, with losses totaling around $ 100 million in 2013.

Web links

Commons : The Cosmopolitan  - collection of images, videos and audio files

source

• Las Vegas casino opens. Deutsche Bank is gambling

Individual evidence

1. ↑ Arnold M. Knightly: Dispute settled, Strip resort renamed . In: Las Vegas Review-Journal , March 20, 2010. 
2. ↑ ^{a b} BBC: Deutsche Bank sells lossmaking Cosmopolitan casino for $ 1.7bn , May 16, 2014

Coordinates: 36 ° 6 ′ 36 ″  N , 115 ° 10 ′ 31 ″  W.