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Investment group Blackstone notched a massive windfall on a casino resort in the heart of the Las Vegas Strip. Blackstone inked a deal to sell its Cosmopolitan of Las Vegas resort for $5.65.

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Deutsche Bank took over the Cosmopolitan Hotel and Casino after it foreclosed on the Las Vegas resort's developer in 2008. Updated, 11:15 a.m. | Deutsche Bank is finally leaving Las Vegas. The lender agreed on Thursday to sell the Cosmopolitan, one of the city's most expensive resorts, to the Blackstone Group for about $1.73 billion in cash. May 17, 2022 · Cosmopolitan Las Vegas Now MGM Venue as Buyer Rapidly Completes Purchase. Posted on: May 17, 2022, 05:03h. Last updated on: May 17, 2022, 05:45h.

Blackstone to sell The Cosmopolitan resort and casino for $5.65 billion.

New York, September 27, 2021 - Blackstone (NYSE: BX) today announced that Blackstone Real Estate Partners VII L.P. ("BREP") has reached an agreement to sell The Cosmopolitan of Las Vegas ("The Cosmopolitan") for $5.65 billion. Since acquiring The Cosmopolitan in 2014, Blackstone, alongside a best-in-class management team, transformed. Playing real money casino games online is possible for everyone. You don’t have to make a massive deposit to play at online casinos. Low-budget gambling at minimum deposit casino sites is an excellent option for new players. If you’re looking for a casino with a minimum deposit of $1, $5, $10, or $20, you’ve certainly got casino bonus. According to a report from Bloomberg, The Blackstone Group is trying to sell the Cosmopolitan of Las Vegas Vegas for $5 billion. In April 2019, the New York-based investment group looked to unload.

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