Blackstone announced that Blackstone Real Estate Partners VII L.P. has completed the previously announced sale of The Cosmopolitan of Las Vegas for $5.65 billion (€5.36 billion)
Through a press release, Blackstone explains that, in accordance with the sale, MGM Resorts International acquired the operations of The Cosmopolitan and signed a long-term net lease with a partnership between Stonepeak, Cherng Family Trust, and Blackstone Real Estate Income Trust, Inc. (BREIT), which acquired The Cosmopolitan’s real estate assets.
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