Deutsche Bank in Talks to Sell Cosmopolitan Las Vegas
Deutsche Bank is looking to sell the 2,960-room Cosmopolitan Las Vegas Resort, according to a report in Bloomberg. The bank foreclosed on the property in January 2008 after the developer defaulted, and opened the Strip property in late 2010. According to one of Bloomberg’s unnamed sources, Deutsche Bank is potentially seeking more than $2 billion for the sale. The Cosmopolitan has yet to turn a profit, although revenue rose by 9.6 percent last year.