Deutsche Bank Finally Sells Cosmopolitan For $1.73 Billion

Blackstone Seeks a Buyer for Las Vegas’s Cosmopolitan The investment firm is working with Deutsche Bank AG and PJT Partners Inc. to solicit interest from potential buyers for the resort, which could fetch $4 billion or more, said the person, who asked not to.

Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.7 billion,

Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.7 billion,

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Deutsche Bank sells Vegas casino for $1.73 billion. the $3.9 billion Cosmopolitan, was built by Deutsche Bank AG after its original developer defaulted on a loan. Initially conceived as a condo.

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Deutsche Bank sells Vegas casino for $1.73 billion. May 16, 2014 9:08 AM. the $3.9 billion Cosmopolitan, was built by Deutsche Bank AG after its original developer defaulted on a loan.

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Deutsche Bank finalized and closed the deal with Blackstone Group earlier this week for the sale of the Cosmopolitan of Las Vegas casino and hotel. The all-cash transaction for $1.73 billion released the ownership from the german banking giant that had been looking for a buyer since the economic downturn during mid-2008.

Deutsche Bank sold the Cosmopolitan of Las Vegas to Blackstone Real Estate Partners for $1.73 billion. The Vegas Strip casino was the last property built before the recession.

LAS VEGAS (AP) — Deutsche Bank AG is cutting itself free of The Cosmopolitan of Las Vegas resort and casino, saying it’s selling the swanky but unprofitable high-rise complex on the Strip to.

The strategy for the strip property is about to be revealed. It costs over $3.9 billion to build the two-tower complex in 2010. Blackstone Group bought the resort from Deutsche Bank in 2014 for a price tag of $1.73 billion, taking advantage of a default loan dating back to 2008. Now the Cosmopolitan’s future remains to be seen.

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In one of the year’s largest asset sales, Deutsche Bank has agreed to sell the Cosmopolitan to Blackstone Real Estate Partners VII for $1.73 billion. According to Pius Srenger, head of the bank.

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Deutsche Bank has found a buyer for the Cosmopolitan Las Vegas, located on the Strip. The bank, the largest of its kind in Germany, said that Blackstone Real Estate Partners VII will acquire 100.