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Someone Bought The Cosmopolitan of Las Vegas for $1.7 Billion

The private equity firm called Blackstone Group LP has reached an agreement with the Deutsche Bank to purchase The Cosmopolitan of Las Vegas for a whopping $1.7 billion. While this number may seem like a lot, the German bank originally spent approximately $4 billion to build the 3,000 room Cosmopolitan hotel and the sale represents one of the biggest losses of a single project the Strip has ever seen.


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