Property of the Deutsche Bank, The Cosmopolitan, a complex with 2,960 rooms and a 121-gaming-room-1325-slot-machine casino, shifted under the aegis Blackstone Real Estate fund for an estimated sum of 1.73 billion dollars according to Reuters.
Property of Deutsche Bank since 2008, The Cosmopolitan's walls have entered the hands of the American investment fund Blackstone. The amount of the transaction is for 1.73 billion dollars, or close to 1.26 billion euros. The complex had lost value since its takeover by the German bank, which decided to sell it after investing 4 billion dollars across 6 years.
The complex, with 2,995 rooms, a Spa/Hammam, restaurants, bars, nightclub and other commercial services, will soon change ownership and become the property of the American hospitality giant, which also owns Hilton Worldwide.
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