The Cosmopolitan in Las Vegas becomes the property of MGM Resorts

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The Cosmopolitan Hotel, one of the most upscale trendy hotels on the Las Vegas Strip, has officially become a property of MGM Resorts International.

MGM finalized the $1.625 billion deal on Tuesday after negotiations with Blackstone Capital, the parent company of The Cosmopolitan, according to News3 in Las Vegas.

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“This is a great time for our company and for the Las Vegas Strip. The Cosmopolitan of Las Vegas has already established itself as one of the top resorts on the Strip with an iconic brand, well-curated experiences and a loyal customer base. We couldn’t be more excited to add them to our portfolio of world-class operations,” MGM Resorts CEO and President Bill Hornbuckle said in a statement. The Cosmopolitan’s talented group of CoStars joins the MGM Resorts family.We look forward to enhancing The Cosmopolitan’s already strong results by providing their guests with access to the extensive and exclusive amenities and other benefits only found at MGM Resorts. can offer.

The Cosmopolitan has been a chic addition to the Strip since it opened in 2010. It has one of Las Vegas’ residence theaters at The Chelsea, and its pool/dayclub/nightclub scene at Marquee is a coveted spot among youth.

The Cosmopolitan also features a rooftop pool above some of the city’s most desirable real estate.

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