The Cosmopolitan opened in Las Vegas 10 years ago. Under the direction of CEO Bill McBeath, this distinctive brand has grown into one of Sin City’s hippest hotels, attracting celebrities from Jay-Z and Beyoncé to Gwyneth Paltrow, John Mayer, Jennifer Lopez and Florence Welch. The luxury resort has its own, from 21 luxury suites with a view of the Strip to three restaurants from the Momofuku empire (the new Bāng Bar by Momofuku, Milk Bar and Momofuku) to a 10,000-square-meter, impressive crystal chandelier hanging in the lobby A lot to offer visitors.
Bill McBeath
On Monday, September 27, it was announced that Blackstone was selling the Cosmopolitan for $ 5.65 billion, nearly $ 4 billion more than the purchase price. As part of the deal, MGM Resorts International will take over the operations side of the Cosmopolitan for more than $ 1.6 billion while several companies, including Blackstone, will own real estate and collect rents from the new operator. “The Cosmopolitan brand is known around the world for its unique customer base, quality products and experiences, which makes it an ideal fit for our portfolio and supports our vision of being the world’s leading gaming entertainment company,” said the President and CEO from MGM Resorts Bill Hornbuckle in a statement.
