Operator News
US – Blackstone could have buyer lined up for $5bn Cosmopolitan
By Phil - 6 September 2021
New York-based investment company, Blackstone, owner of the Cosmopolitan casino resort in Las Vegas, has reportedly got a suitor lined up to buy the property, although it has set an asking price of $5bn.
Two of the big names believed to be interested in buying the casino include Apollo Global Management, who is buying the Venetian for $6.25bn in partnership with Vici Properties, and MGM Resorts International.
Blackstone has added a $1bn onto the asking price having tried and failed to sell the property two years ago for $4bn. Blackstone bought the property in 2014 for $1.73bn after it ran into financial difficulty during construction.
