Wednesday, May 28, 2014 | 2:53 p.m.
The New York real-estate bankers who have committed $1.7 billion to purchase the Cosmopolitan of Las Vegas celebrated the deal over Memorial Day Weekend at Victor Drai’s new Drai’s Beach Club and Nightclub atop the Cromwell boutique hotel at center Strip.
The execs with the realty investment fund Blackstone told me that it’s not their first foray into Las Vegas. In addition to a previously unknown equity position in the Cromwell and Drai’s Beach Club and Nightclub, they also have made a substantial billion-dollar-plus investment separately in Caesars Entertainment.
They also confirmed our earlier Vegas DeLuxe Wicked Whispers & Racy Rumors reports that they will merge one of their hotel investment affinity programs into the Cosmopolitan to reward frequent players and guests.
“We believe that gaming revenues can increase there very quickly by 50 percent,“ I was told. “We have portfolio positions with other leisure travel properties that can be very beneficial to the future of the Cosmopolitan. There will be changes to ensure the property’s profitability in the short term.”
I was delighted to learn that the bankers are regular daily readers of Vegas DeLuxe!
Robin Leach has been a journalist for more than 50 years and has spent the past decade giving readers the inside scoop on Las Vegas, the world’s premier platinum playground.
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The Cosmopolitan of Las Vegas dares to be different. From the hotel’s red reservations desks to fine art found throughout the resort, The Cosmopolitan’s signature style is helping to pave its own path on the Las Vegas Strip.
Upon entering the resort, you’re greeted by pillars of video boards playing video art by Digital Kitchen and David Rockwell Studio exclusively produced for The Cosmopolitan. Just beyond that, you’ll find all your favorite casino games on the resort’s 100,000-square-foot casino floor.
The Cosmopolitan’s rooms standout as the resort’s most unique feature. About 2,220 of The Cosmopolitan’s 2,995 rooms have 6-foot deep terraces that span the length of the room, a first at a modern Strip hotel. Other in-room amenities include soaking tubs, kitchenettes and quirky accessories like artsy coffee table books.
The dining experience at The Cosmopolitan isn’t something you’ll find at other Strip resorts, either. All of The Cosmopolitan’s 13 restaurateurs are new to the Las Vegas market. You’ll find American steakhouse fare in a modern setting at STK, top-notch sushi at Blue Ribbon Sushi Bar & Grill and the freshest fish flown in from the Mediterranean daily at Estiatorio Milos.
Whether the sun is up or down, Marquee Nightclub & Dayclub is the place to find the party at The Cosmopolitan. The venue is a dayclub/nightclub, complete with a pool and cabanas outside and three different rooms with three different vibes inside.
If nightclubs aren’t your thing, you can grab a drink at one of The Cosmopolitan’s five other bars, like The Chandelier, which is encased in 2 million dripping crystals.