Deutsche Bank Finally Sells Cosmopolitan For $1.73 Billion

Deutsche Bank sells Vegas casino for $1.73 billion. the .9 billion cosmopolitan, was built by Deutsche Bank AG after its original developer defaulted on a loan. Initially conceived as a condo.

News Live Casinos Deutsche Bank Sells Las Vegas Cosmopolitan to Blackstone May 21, 2014 By Samantha Beckett The Blackstone Group purchased The Cosmopolitan of Las Vegas for $1.73 billion.

Deutsche Bank (NYSE:DB) inked a deal with the blackstone group (nyse:bx) earlier this week to finalize the sale of casino and hotel Cosmopolitan of Las Vegas in an all-cash transaction for $1.73.

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Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.7 billion.

LAS VEGAS (AP) – Deutsche Bank AG is cutting itself free of The Cosmopolitan of Las Vegas resort and casino, saying it’s selling the swanky but unprofitable high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.73 billion. The German investment bank said in a statement Thursday that the cash deal remains subject to regulatory approvals.

Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip for $1.73 billion to Blackstone Real Estate Partners VII.

Germany’s largest bank, which took ownership of the unfinished property in 2008 after its original developer defaulted on a loan, announced an agreement to sell The Cosmopolitan to a subsidiary of the Blackstone Group, a multinational private equity investment firm, for $1.73 billion in an all-cash transaction.

Deutsche Bank sells Vegas casino for $1.73 billion. May 16, 2014 9:08 AM. the $3.9 billion Cosmopolitan, was built by Deutsche Bank AG after its original developer defaulted on a loan.

Deutsche Bank has struck a deal to sell its casino complex in Las Vegas to buyout group Blackstone for $1.73 billion in cash, drawing a line under an unwanted investment that has weighed on its.

Deutsche Bank sells Vegas casino for $1.73 billion.. Deutsche Bank AG is finally free of The Cosmopolitan of Las Vegas resort and casino after selling the high-rise complex on the Strip to.

Deutsche Bank announced Thursday that the The Cosmopolitan of Las Vegas has been sold to the Blackstone Group for .73 billion. (john locher/las Vegas Review-Journal)

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