12 suites at the The Cosmopolitan of Las VegasĮxecutive Suite 1 bedroom, up to 2 guests Since 2010, the hotel has been making continuous losses, which in 2013 amounted to around 100 million US dollars. The purchase price is stated to be 1.7 billion US dollars. In 2014, Deutsche Bank sold the complex to the Blackstone Group.
Ritz-Carlton also acts as a partner of the hotel. In 2010, the hotel was put into operation in stages and became part of the Marriott International Autograph Collection, an association of independent hotels that have access to Marriott chain reservation and bonus programs. Meanwhile, several hotel groups and operating companies from various Las Vegas resorts were interested in acquiring the property. The complex was also to accommodate apartments, but they were replaced by additional hotel rooms. The casino was originally planned to be located on the second floor, but was finally moved to the ground floor, as is customary in Las Vegas. The total costs are stated to be four billion US dollars. In order not to have to accept a complete loss, Deutsche Bank took over the project in September 2008 and completed it in cooperation with real estate developers of Related according to its own ideas and advice. While the project developers were looking for new financing possibilities, construction continued for the time being however, no final agreement was reached. During the financial crisis, Eichner ran out of money, he could not pay an outstanding instalment, but the complex was not even half finished. In January 2008, however, it became known that financing problems existed for the project. Originally the hotel was to be operated as Grand Hyatt Las Vegas the Deutsche Bank wanted to grant a loan to the real estate mogul Eichner. The Cosmopolitan has an underground car park instead of a multi-storey car park next to The Palazzo as a second hotel. Since this remained in place, it was agreed before construction that residents of the Jockey Club could use part of the new hotel garage as a substitute. The resort was built on a site that used to serve as a parking lot for the Jockey Club, a smaller apartment complex. Construction began in October 2005, opening on December 15, 2010. The project was designed by Ian Bruce Eichner.
Atypical for Las Vegas, most of the rooms have balconies and openable windows. It houses a 9300 m² casino, 28,000 m² of restaurants, bars and retail space, a spa and fitness centre, several pools, conference facilities and a theatre with 1800 seats. The complex consists of two 61-storey towers, each with 2995 rooms and suites, as well as the plinth area. The hotel was opened in December 2010 and is located south of Bellagio on the Strip. The Cosmopolitan (officially: The Cosmopolitan of Las Vegas) is a casino and hotel complex located in Las Vegas, Nevada.
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