The Cosmopolitan in Las Vegas Becomes MGM Resorts Property

1 min


154
93 shares, 154 points

The Cosmopolitan Hotel, one of the more upscale, hip hotels on the Las Vegas Strip, has officially become a property of MGM Resorts International.

MGM finalized the $1.625 billion deal on Tuesday after negotiations with Blackstone Capital, parent company of The Cosmopolitan, according to News3 in Las Vegas.

“This is a big moment for our company and for the Las Vegas Strip. The Cosmopolitan of Las Vegas has already established itself as one of the Strip’s premier resorts with an iconic brand, well-curated experiences, and a loyal customer base. We couldn’t be more excited to bring them into our portfolio of world-class operations,” MGM Resorts CEO and President Bill Hornbuckle said in a statement. “We’re also thrilled to have the talented group of CoStars from The Cosmopolitan joining the MGM Resorts family. We look forward to improving upon The Cosmopolitan’s already strong results by offering their customers access to the extensive and exclusive amenities and other benefits only MGM Resorts can provide.”

The Cosmopolitan has been a chic addition to the Strip since opening in 2010. It boasts one of the residency theaters in Las Vegas in The Chelsea, and its pool/dayclub/nightclub scene at Marquee is a coveted location among the younger crowd.

The Cosmopolitan also has a rooftop pool above some of the most choice real estate in the city.

Source: TravelPulse


Like it? Share with your friends!

154
93 shares, 154 points

What's Your Reaction?

Cute Cute
21
Cute
Fun Fun
13
Fun
Hate Hate
8
Hate
Confused Confused
24
Confused
Fail Fail
16
Fail
Geeky Geeky
10
Geeky
Love Love
2
Love
OMG OMG
24
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format