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Blackstone Buys the Cosmopolitan Hotel in Las Vegas for $1.7 Billion

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The Blackstone Group has agreed to buy The Cosmopolitan of Las Vegas, a resort and casino, from Deutsche Bank for $1.7 billion in cash. The deal was made on behalf of Blackstone’s $13.3 billion global real estate fund, Blackstone Real Estate Partners VII and is scheduled to close by the first quarter of next year.

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Back in May of 2014 it was announced that Blackstone Capital had struck an agreement with Deutsche Bank to buy the Cosmopolitan Hotel in Las Vegas for a tidy sum of $1.7 Billion – a bargain when you consider Deutsche Bank "spent" close to $4 Billion building the property which opened in 2010.

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South Korean firm buys debt on Cosmopolitan of Las Vegas. The private equity firm was reportedly raising $1.8 billion in a new refinancing package on the hotel and casino. Blackstone was expected to use most of the proceeds to pay off a $1.55 billion debt from late 2016 and replace with a lower interest rate loan ahead of maturity.

Charlotte-Area Community Secures $20M Financing Formerly known as Wakamo Park, a land-leased summer community, the "Village at Potter Pond. Bristol County Savings Banks provides a wealth of experience with financing packages ranging from.

Deutsche Bank AG agreed to sell the Cosmopolitan of Las Vegas hotel and casino to Blackstone Group LP for $1.73 billion in cash. gaming amenities compared with other markets, according to Bloomberg.

Trendy downtown St. Pete townhome project scrapped, permitting delays blamed Drew Harwell – Tampa Bay Times ST. PETERSBURG – Builders will break ground soon on a downtown apartment building the size of a city block, adding to a flood of new rental construction in an area developers are betting is a gold mine of young urbanites.

A WEEKEND IN LAS VEGAS AT THE COSMOPOLITAN HOTEL Las. billion won) in mezzanine debt issued for The Cosmopolitan of Las Vegas, The Korea Economic Daily reported on Friday. The 6.7-million-square-foot, 3,000-key Cosmopolitan resort extends across.

Blackstone buys Cosmopolitan Las Vegas for $1.7 billion. Private-equity firm Blackstone Group LP has agreed to pay $1.7 billion to Deutsche Bank for The Cosmopolitan of Las Vegas, the glimmering but struggling 3,000-room hotel and casino on the Strip, Deutsche Bank said on Thursday. The german bank spent about $4 billion to build the Cosmo,

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LAS VEGAS (KTNV) – The Cosmopolitan. the Blackstone Group has retained Deutsche Bank AG and PJT Partners to explore strategic alternatives for the property, including a possible sale. Blackstone.