Deutsche Bank is closing a sale of the gamourous hotel casino Cosmpolitan in Las Vegas. The company has made a claim statting that the deal is subject to approval and regulations. Blackstone owns around &81 in real estate assets all over the world and it is also among the largest real estate investors in the world. The company works in the area of buying properties that do not perform so well, improving them and re-selling them at a much higher price. The company owns around 1,000 properties in the state of Nevada and the high-class Hughes Center office building in Las Vegas, as well as a little portion of the casino giant Caesars Entertainment Corp.
"Blackstone recognizes the value and potential in the Cosmopolitan and Las Vegas, and looks forward to working to build on the success to date," Tyler Henritze, the company's managing director has explained to the public.
The last major Las Vegas resort approved before the Great Recession, the $3.9 billion Cosmopolitan, was built by Deutsche Bank AG after its original developer defaulted on a loan. Initially planned as a residential condo building, the project has still preserved its original super large rooms and kitchens, although later it has been transformed into a large hotel project. The slogan of the Cosmopolitan is "just the right amount of wrong."
The casinso boasts amazing kitchen motifs and appeals to the seekers of extravagance, style and sophistication.
The casino also houses Marquee, one of most ''highly publicized'' nightclubs in the United States, and also contains a fabulous three-story bar for the lovers of chic interior design ideas.
The new sale of the casino may affect its glamorous design ideas and we look forward to seeing how the new owners will change this glamorous project.
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