Cosmopolitan of Las Vegas

The Cosmopolitan of Las Vegas
The Cosmopolitan of Las Vegas is located in Las Vegas Strip
The Cosmopolitan of Las Vegas
The Cosmopolitan of Las Vegas is located in Nevada
The Cosmopolitan of Las Vegas
Location Paradise, Nevada, U.S.
Address 3708 South Las Vegas Boulevard
Opening dateDecember 15, 2010; 13 years ago (December 15, 2010)
No. of rooms3,033
Total gaming space100,000 sq ft (9,300 m2)
Signature attractionsThe Chelsea
The Chandelier
Marquee Nightclub & Dayclub
P3 art studio
Notable restaurantsChina Poblano
é
Jaleo
Momofuku
Scarpetta
STK
Superfrico
Casino typeLand-based
OwnerThe Blackstone Group
Cherng Family Trust
Stonepeak Partners
Operating license holderMGM Resorts International
ArchitectFriedmutter Group (executive architect); Arquitectonica
Renovated in2015-2018
Coordinates36°06′36″N 115°10′31″W / 36.1100°N 115.1753°W / 36.1100; -115.1753
Websitewww.cosmopolitanlasvegas.com

The Cosmopolitan of Las Vegas[1] (commonly referred to simply as The Cosmopolitan or The Cosmo)[2] is a resort casino and hotel on the Las Vegas Strip in Paradise, Nevada. It is owned by The Blackstone Group, Stonepeak Partners, and Cherng Family Trust and operated by MGM Resorts International. The resort includes a 100,000 sq ft (9,300 m2) casino and 3,033 rooms across two towers, as well as a 3,200-seat performance theater and various restaurants.

The project was announced in 2004, by a joint venture that included real estate developer Ian Bruce Eichner. Construction on the hotel towers began in April 2007, following excavation work for an underground parking garage. Deutsche Bank helped finance the project, and eventually took over ownership in September 2008, after the original developers defaulted on a loan. The resort's interior underwent several redesigns, and plans to include a condo hotel component were ultimately scrapped.

The Cosmopolitan opened on December 15, 2010, and at $3.9 billion, it was the most expensive Strip resort built up to that point. The resort proved to be popular, although casino revenue lagged behind other amenities. Deutsche Bank sold the resort to The Blackstone Group in 2014, for $1.7 billion. Blackstone made numerous changes which improved gaming revenue, and the company also negotiated a deal with the Culinary Workers Union, whose members had protested at the resort over the lack of a union contract. The resort operations were sold to MGM in 2022, while Cherng and Stonepeak joined Blackstone as owners.

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  2. ^ Cite error: The named reference Forbes was invoked but never defined (see the help page).