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==In popular culture== ==In popular culture==
* The Cosmopolitan was the setting for ] of the reality competition series '']'', aired in 2012. The show's contestants lived at the resort and competed at its restaurants.<ref>{{cite news |last=Katsilometes |first=John |title=Cosmopolitan sizzling over serving as host hotel for Bravo's 'Top Chef Masters' |url=https://lasvegassun.com/blogs/kats-report/2012/may/24/cosmopolitan-sizzling-over-serving-host-hotel-brav/ |access-date=June 13, 2023 |work=Las Vegas Sun |date=May 24, 2012}}</ref><ref>{{cite news |last=Lawrence |first=Christopher |title='Top Chef Masters' cooked at Cosmopolitan |url=https://www.reviewjournal.com/entertainment/tv/top-chef-masters-cooked-at-cosmopolitan/ |access-date=June 13, 2023 |work=Las Vegas Review-Journal |date=July 22, 2012}}</ref>
* The Cosmopolitan was the setting for ] music video for "]".<ref>{{cite news|url=https://www.rollingstone.com/music/videos/the-killers-give-lovers-a-chance-in-shot-at-the-night-20130927|title=The Killers Give Lovers a Chance in 'Shot at the Night'|publisher=Rolling Stone|date=2013-09-27}}</ref> * The Cosmopolitan is a main location in the music video for ]' 2013 song "]".<ref>{{cite news|url=https://www.rollingstone.com/music/videos/the-killers-give-lovers-a-chance-in-shot-at-the-night-20130927|title=The Killers Give Lovers a Chance in 'Shot at the Night'|publisher=Rolling Stone|date=2013-09-27}}</ref><ref>{{cite web |last=Day |first=Nellie |title=Silver State, Gold Records |url=https://nevadamagazine.com/issue/january-february-2015/2130/ |website=Nevada Magazine |access-date=June 15, 2023 |date=January 2015 |quote=The Killers' 'Shot at the Night' is filmed entirely in Las Vegas. It prominently features the Cosmopolitan, as well as parts of Downtown Las Vegas.}}</ref>
* The Cosmopolitan was the setting for'' ]'' Season 4.<ref>{{cite news|url=http://www.reviewjournal.com/entertainment/tv/top-chef-masters-cooked-cosmopolitan|title='Top Chef Masters' cooked at Cosmopolitan|publisher=Las Vegas Review-Journal|date=2012-07-22}}</ref>


==Gallery== ==Gallery==

Revision as of 18:05, 15 June 2023

Casino hotel on the Las Vegas Strip

The Cosmopolitan of Las Vegas
[REDACTED]
The Cosmopolitan of Las Vegas is located in Las Vegas StripThe Cosmopolitan of Las VegasShow map of Las Vegas StripThe Cosmopolitan of Las Vegas is located in NevadaThe Cosmopolitan of Las VegasShow map of Nevada
Location Paradise, Nevada, U.S.
Address 3708 South Las Vegas Boulevard
Opening dateDecember 15, 2010; 14 years ago (December 15, 2010)
ThemeMetropolitan
No. of rooms3,027
Total gaming space110,000 sq ft (10,000 m)
Signature attractionsThe Chelsea
The Chandelier
Marquee Nightclub & Dayclub
The Boulevard Pool
CRSVR Sneaker Boutique
P3 Art Studio
Notable restaurantsChina Poblano
Momofuku Las Vegas
é
The Henry
Holsteins
Jaleo
Scarpetta
STK
Superfrico
Casino typeLand-based
OwnerThe Blackstone Group
Cherng Family Trust
Stonepeak Partners
Operating license holderMGM Resorts International
ArchitectFriedmutter Group (executive architect); Arquitectonica
Coordinates36°06′36″N 115°10′31″W / 36.1100°N 115.1753°W / 36.1100; -115.1753
Websitewww.cosmopolitanlasvegas.com

The Cosmopolitan of Las Vegas (commonly referred to simply as The Cosmopolitan or The Cosmo) is a resort casino and hotel on the Las Vegas Strip in Paradise, Nevada. The resort opened on December 15, 2010, and is located just south of the Bellagio on the west side of Las Vegas Boulevard. It is owned by The Blackstone Group, Stonepeak Partners, and Cherng Family Trust and operated by MGM Resorts International.

It consists of two highrise towers, the Boulevard Tower and the Chelsea Tower, both of which are 184 meters (603 ft) tall. The $3.9 billion project features 3,027 rooms, a 110,000 sq ft (10,000 m) casino, 300,000 sq ft (28,000 m) of retail and restaurant space, a 40,000 sq ft (3,700 m) spa and fitness facility, a 3,200-seat theater, and 150,000 sq ft (14,000 m) of meeting and convention space.

In 2013, the hotel was rated "The Best Hotel in the World" by Gogobot. In 2015, the resort was named to the Condé Nast Traveller Gold List as one of the "Top Hotels in the World".

History

Background and construction

Plans for the property were first announced in April 2004. The developer, 3700 Associates, was a joint venture formed by David Friedman (a former Las Vegas Sands executive), Ian Bruce Eichner (a real estate developer), and Soros Fund Management. The development group purchased the future site of the resort for $90 million, from a company controlled by Margaret Elardi, former owner of the New Frontier. Further details about the project, including the Cosmopolitan name, were released in November 2004.

The project was expected to cost $1.5 billion, with the opening initially scheduled for late 2007 or early 2008. The majority of the resort's rooms were planned as condo hotel units. Sales began in February 2005, helping to finance construction of the resort. A partnership was announced in April 2005 for Hyatt Hotels to operate the Cosmopolitan's hotel and condo hotel units under the Grand Hyatt name. However, the condo component was largely scrapped by the time of the resort's opening.

The Cosmopolitan's design team was led by Friedmutter Group as executive architect, with Arquitectonica as the design architect for the building's themed exterior. The building was engineered by DeSimone Consulting Engineers. The interior design team included Digital Kitchen, Prophet, the Friedmutter Group, The Rockwell Group, Jeffrey Beers, Adam Tihany, and Bentel & Bentel.

A groundbreaking ceremony was held on October 25, 2005. Perini Building Company served as general contractor. The Cosmopolitan was built on 8.5 acres, considered small in comparison to most Strip resorts. The minimal acreage necessitated a vertical design. In January 2006, Deutsche Bank provided a $415 million loan to finance excavation for an underground parking garage. Perini spent approximately a year excavating 60 feet below ground. Construction on the hotel towers began on April 9, 2007, with the placing of the first steel beam. In total, the project would use 41,000 tons of steel.

The Cosmopolitan property surrounds the Jockey Club timeshare buildings to the north. The resort was built on what used to be the parking lot for the Jockey Club, whose residents were provided parking space beneath the new resort. County building planners had concerns about the project's density; its hotel towers were built directly alongside the Jockey Club, separated by five feet at the closest point.

In January 2008, the Cosmopolitan's developer defaulted on a $760 million construction loan from Deutsche Bank, and resort officials sought to raise an additional $400 million for construction. With the Cosmopolitan facing foreclosure, Hyatt partnered with project lender Marathon Asset Management to buy out Eichner and complete the resort. However, Hyatt and Marathon could not come to an agreement with Deutsche Bank, which began foreclosure proceedings in March 2008. Hyatt had no further involvement in the project, and Deutsche Bank was unable to attract any other buyers.

Cosmopolitan under construction in February 2009

Construction continued, and Deutsche Bank took over ownership in September 2008, purchasing the project out of foreclosure for nearly $1 billion. The bank hired The Related Cos., developers of Time Warner Center in New York, to re-position the asset, manage the development process and assist in leasing the retail and restaurant collection. Related recommended many revisions, including bringing the casino entrance onto the strip. Original plans called for the casino to be on the second floor, but this was later changed and the casino was built on ground level, like most other Las Vegas hotel-casinos.

The bank held discussions to partner with a gaming operator, such as MGM Mirage or Hilton Hotels. Hilton announced its upscale Denizen Hotels brand in March 2009, and considered renaming the Cosmopolitan under this name. However, further development of the brand was suspended a month later, following Starwood Hotels' accusations of industrial espionage.

Deutsche Bank ultimately decided against a third-party hotel operator. At the end of 2009, the bank filed for a gaming license as the resort's sole owner. By that point, the project was two years behind schedule and $2 billion over budget. At a final cost of $3.9 billion, it was the most expensive Las Vegas resort built up to that point. The rising price of construction materials, as well as subsequent redesigns, had contributed to the overall cost.

Opening and ownership changes

The Cosmopolitan opened on December 15, 2010. A grand opening celebration took place a few weeks later during New Year's Eve, with performances by Coldplay and Jay-Z. The hotel opened with 2,000 of its 2,995 rooms, the remainder expected to be open by July 2011. Ahead of its opening, the Cosmopolitan had run Surrealist and sexualized advertisements, which generated a mixed response but nonetheless created publicity for the resort. The hotel is part of Marriott International's Autograph Collection, a collection of independent hotels with access to Marriott's reservation and rewards system. In January 2014, the Cosmopolitan announced that points through their Identity rewards program could be redeemed at 3,800 of Marriott's properties.

The Cosmopolitan struggled in its early years amid the aftermath of the Great Recession. It was the last new resort to be built on the Strip until the completion of Resorts World Las Vegas in 2021. The Cosmopolitan saw favorable reviews upon opening, and the hotel rooms, among the most expensive in Las Vegas, were often sold out. The resort's restaurants and clubs were its most popular features. Despite this, the resort would remain unprofitable for years. Like at other Las Vegas casinos, the Cosmopolitan's younger target demographic showed less interest in gambling, an important revenue generator. Furthermore, the property's primary attractions – including retail, restaurants, and pools – were built on the second and third floors, away from the casino's ground-floor location; most Strip casinos intersperse their attractions throughout the casino floor to encourage gambling. The resort added a high-limit gaming area as part of efforts to boost revenue.

Deutsche Bank had always intended to sell the Cosmopolitan. A deal was announced in May 2014, to sell the resort for $1.7 billion to The Blackstone Group. The sale was finalized on December 19, 2014. Blackstone sought to improve the resort's gaming revenue by revamping the casino floor. The company also made changes to the restaurants and entertainment offerings as part of a $200 million project. The changes were successful, and the resort saw its first quarterly profit in 2015.

Blackstone applied its business strategy – "buy it, fix it, sell it" – to the Cosmopolitan. In 2019, the company began considering a sale of the resort, after spending approximately $500 million in improvements. In 2021, Blackstone reached a deal to sell the resort operations to MGM Resorts International. In addition, the real estate assets would be sold to a joint venture consisting of Cherng Family Trust (headed by Panda Express founders Andrew and Peggy Cherng), Stonepeak Partners (an investment firm), and Real Estate Income Trust Inc. (Blackstone's real estate fund). Both sales were finalized on May 17, 2022. MGM purchased the operations for $1.6 billion, while the real estate sold for more than $4 billion, the deal totaling $5.6 billion.

2015 fire

The fire 20 minutes after it was reported, seen from the rooftop terrace of Marriott's Grand Chateau.

A two-alarm fire occurred on July 25, 2015, on the 14th floor pool deck of the west hotel tower. The fire began in a pool cabana and spread across flammable fake trees, made of high-density foam and plastic. The blaze began around 12:15 p.m., and was extinguished by firefighters within a half-hour.

Several hotel floors were evacuated, as smoke had entered the tower through open windows. The evacuated floors suffered water damage after fire sprinklers were activated. Two people were treated for smoke inhalation, and one of them was taken to a local hospital.

The pool reopened a day later, with the damaged area closed off. The cause of the fire could not be determined, although electrical issues were ruled out. Improperly discarded cigarettes were found on the pool deck, but fire officials could not prove definitively that this was the cause.

Litigation and controversies

Name

Hearst Corporation, publisher of Cosmopolitan, filed a trademark infringement lawsuit against the resort in June 2008. The suit accused the resort of trying to deceive patrons into believing that there was an affiliation with the magazine. Hearst sought $500,000 in damages and a portion of future profits from the resort. A settlement was announced in March 2010. The property, originally known as The Cosmopolitan Resort and Casino, would instead be called The Cosmopolitan of Las Vegas.

Condominiums

Prior to Deutsche Bank's acquisition, the resort had sold 1,821 condo hotel units. In February 2009, columnist Robin Leach and two Las Vegas show producers filed a class action lawsuit against 3700 Associates and Deutsche Bank. Leach and the producers had purchased units at the Cosmopolitan, and their suit alleged breach of contract over the lengthy construction schedule and delays. Another class action suit, representing 200 disgruntled buyers, was filed shortly thereafter.

A third lawsuit was eventually filed, and the cases were consolidated later in 2009. More than 400 buyers sought to regain their deposits, which amounted to more than $200 million. Deutsche Bank eventually offered partial refunds to buyers. Additional lawsuits were filed in July 2010, alleging that the condominium component had been canceled without any notification to the buyers. Approximately 1,600 buyers had accepted partial refunds as of October 2010, leaving 216 buyers who wanted full refunds. Most of the lawsuits had been settled as of 2012. Some buyers decided to close escrow on their units, and the Cosmopolitan has gradually bought them back as the opportunity arises. As of 2021, the resort includes 14 condo units, and owners have the option of renting them out as hotel rooms.

Union dispute

Upon its opening, the Cosmopolitan was one of only a few non-union resorts on the Strip. In 2011, workers voted via card check to unionize through the Culinary Workers Union, which represents the majority of Strip resort workers. Negotiations over the next 18 months were slow-going and focused only on minor issues, according to the union. A series of Culinary protests took place at the resort beginning in January 2013, in hopes of expediting discussions. These marked the first Strip resort protests since 2003, when Culinary demonstrated at the Aladdin.

A March 2013 protest resulted in the arrests of 98 union members after they blocked traffic in front of the Cosmopolitan. Subsequent protests included support from members of the California School Employees Association, and the Asian Pacific American Labor Alliance. In August 2013, Culinary vowed to start protesting at the Cosmopolitan on a weekly basis. The Alliance to Protect Nevada Jobs (APNJ) was opposed to these protests, stating that they were hurting Las Vegas tourism. In October 2013, the APNJ launched counter demonstrations at the Cosmopolitan, handing out "thank you" cards to guests. Meanwhile, Culinary members began an insult campaign toward Cosmopolitan visitors. In November 2013, more than 100 union members were arrested after protesting inside the resort.

Despite the lack of a union contract, workers were allowed to keep their jobs amid the 2014 ownership change. Blackstone vowed to negotiate with Culinary, eventually reaching agreement on a union contract at the end of 2015.

Banning of guests

In April 2011, Cosmopolitan security staff allegedly removed a transgender guest named Stephanie from a women's restroom, photographed her, and said that she would be banned for life if she did not leave the premises. Shortly after the incident, the Cosmopolitan was flooded with complaints on its Facebook page, which prompted the resort to issue an apology to the transgender community and to Stephanie, stating that she was welcome to come back to the resort anytime. The incident also prompted the hotel-casino to train its staff on awareness initiatives involving the sensitive issue.

In November 2017, former football player and actor O. J. Simpson was banned from the Cosmopolitan after spending time in a restaurant and lounge there with friends. He was accused of trespassing and said he was given no further explanation. It was later reported that he had been drunk and disruptive, claims which he said were false and made by the resort. Simpson, who is black, accused the Cosmopolitan of racial discrimination. He sued the resort for defamation in November 2019, stating that claims of his disruptive behavior had harmed his reputation. The Cosmopolitan denied that it had defamed Simpson. A settlement was reached in 2021.

Rapper Meek Mill, who is also black, was banned from the resort as well in May 2019. Mill was accused of trespassing after trying to attend a party at the resort's Marquee dayclub. According to the Cosmopolitan, he was denied entry because the club had reached its maximum capacity. Mill said, however, that he was also prohibited from entering other areas of the resort, including its restaurants. Mill accused the Cosmopolitan of racial discrimination and threatened to sue, until the resort issued a public apology a few days later.

Amenities

Cosmopolitan features 3,027 hotel rooms, a 110,000 sq ft (10,000 m) casino; 300,000 sq ft (28,000 m) of retail and restaurant space; a 40,000 sq ft (3,700 m) spa and fitness facility; a 3,200-seat theater; and 150,000 sq ft (14,000 m) of meeting and convention space.

The Cosmopolitan is also home to the Marquee Nightclub & Dayclub, which was the top grossing nightclub in the United States in 2012.

Restaurants

In March 2010, the casino announced several celebrity chefs and restaurants that would open there. Included were Bruce and Eric Bromberg's Blue Ribbon, Costas Spiliadis' Estiatorio Milos (which has since relocated to the Venetian), Scott Conant's Scarpetta, and David Myers' Comme Ça, which has been shuttered and replaced with other dining options.

On May 2, the resort announced that José Andrés would be joining the resort with three restaurants, creating his namesake restaurant, "é by José Andrés", and one based on his tapas restaurant, Jaleo. Another restaurant, China Poblano, is a new concept combining Mexican and Chinese cuisine.

The Cosmopolitan also gained the restaurant Eggslut in 2011, following success in their Grand Central Market location in Los Angeles. Starbucks also opened a location in the hotel in 2015 with direct access to the strip.

In 2018 several new restaurants were added at the hotel at Block 16 Urban Food Hall, a collection of grab-and-go or counter-style specialty restaurants. Headliners included Nashville-based Hattie B's Hot Chicken and Portland chef Andy Ricker's Thai restaurant, Pok Pok Wing. Pok Pok Wing closed in December 2020 due to the end of its licensing agreement.

Chef and owner Christina Tosi added a Milk Bar serving desserts and stacks and following the same format as her stores in New York City, Toronto and Washington, D.C.

In 2021, Superfrico, described as "psychedelic Italian" dining, opened in the space previously occupied by Rose, Rabbit, Lie.

Closed restaurants

A modern supper club called Rose, Rabbit, Lie opened in December 2013. Operated by Spiegelworld as part of its Vegas Nocturne show through July 2014 and by the Cosmopolitan itself thereafter, the club offered dining and drinks with live entertainment before closing in January 2021.

Resident productions

Currently, the Cosmpolitan hosts OPM, a performance by the production troop Spiegelworld. Set on a spaceship called OPM 73 with a destination of Uranus, the adults-only dinner show features circus-themed routines, loosely tied together with a comedic storyline.

In popular culture

Gallery

  • Casino floor at the Cosmopolitan Casino floor at the Cosmopolitan
  • Night view from the east side. Night view from the east side.
  • Cosmopolitan construction as seen from Caesars Palace Cosmopolitan construction as seen from Caesars Palace
  • The Cosmopolitan nearing completion in March 2010 The Cosmopolitan nearing completion in March 2010
  • The street front view from across the Strip The street front view from across the Strip
  • Viewed from the Las Vegas Eiffel Tower Viewed from the Las Vegas Eiffel Tower
  • Night view Night view
  • Cosmopolitan lobby Cosmopolitan lobby
  • View of the Strip from a room balcony at the Cosmopolitan View of the Strip from a room balcony at the Cosmopolitan

See also

References

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