🤑 Deutsche Bank sells lossmaking Cosmopolitan casino for $bn - BBC News

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The Vegas Cosmopolitan has proved simply to be too wrong for Deutsche Bank to handle. Deutsche Bank took ownership of the Casino resort.


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Deutsche Bank sells casino to Blackstone for $ billion - Reuters
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Cosmopolitan of Las Vegas - Wikipedia
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Deutsche Bank sells the lossmaking Cosmopolitan of Las Vegas casino and resort to private equity giant Blackstone.


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Deutsche Bank sells the lossmaking Cosmopolitan of Las Vegas casino and resort to private equity giant Blackstone.


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Deutsche Bank has agreed to sell its Las Vegas casino resort, The Cosmopolitan​, to private equity group Blackstone for $bn, seeking to.


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Deutsche Bank has agreed to sell its Las Vegas casino resort, The Cosmopolitan​, to private equity group Blackstone for $bn, seeking to.


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Rare Las Vegas Strip casino hits the market. The New York investment firm made the once-failing property one of the most successful on the Strip.


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Deutsche Bank took over the Cosmopolitan Hotel and Casino after it foreclosed on the Las Vegas resort's developer in Credit Monica.


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The Vegas Cosmopolitan has proved simply to be too wrong for Deutsche Bank to handle. Deutsche Bank took ownership of the Casino resort.


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Deutsche Bank Finally Sells Cosmopolitan For $1.73 Billion

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The investment company, which bought the hotel and casino for USD billion in , is working with Deutsche Bank AG and PJT Partners.


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The Cosmopolitan of Las Vegas is a luxury resort casino and hotel on the Las Vegas Strip in In May , the Cosmopolitan was sold by Deutsche Bank to Blackstone Group for $ billion. The July fire at the Cosmopolitan, seen​.


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Deutsche Bank Sells Vegas Casino For $1.73B

Those earnings are more than triple the earnings of the hotel before Blackstone bought the property from Deutsche Bank, which took over the unfinished property after the Bruce Eichner-led development group behind it defaulted on a construction loan. Subscribe You are now subscribed. New York. The New York investment firm made the once-failing property one of the most successful on the Strip. Javascript is disabled in your web browser. Last Name. Garcetti orders a moratorium on commercial evictions in LA. First Name. Here are the biggest LA hotel sales of Luzzatto Co. LA County select reopening target date for restaurants and retailers. The Cosmopolitan hotel and casino was one of the biggest failures of the Las Vegas Strip in the last decade. South Florida.

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Blackstone benefited from strong tourist activity in Las Vegas during its ownership of the hotel, including an all-time peak of 43 million tourist visits to the city in The Real Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Please Allow Javascript and reload this page. Daily Round-up of top news and topics for each of the following cities: New York. Related Articles. Los Angeles. By clicking Subscribe you agree to our Privacy Policy. Now, five years after buying and reversing its fortunes, Blackstone Group is reportedly exploring a sale. Future City. Email Address. The property opened in late It also built 18 new bars and restaurants at hotel and casino.