Blackstone is putting the Cosmopolitan hotel and casino on the market, which would be a rare sale of a major Las Vegas Strip operating casino
Blackstone Group LP is exploring a sale of the Cosmopolitan hotel and casino, the rare instance of a major casino on the Las Vegas Strip coming to the market.
Deutsche Bank AG and PJT Partners Inc. have been retained to explore strategic alternatives for the property, including a sale, people familiar with the matter said. Blackstone, the New York-based investment firm, acquired the Cosmopolitan in 2014 for $1.7 billion, and it has sunk another $500 million into finishing and renovating the property.
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