The Cosmopolitan of Las Vegas News - Page 23

Ian Bruce Eichner, developer of the $2 billion Cosmopolitan Resort & Casino south of Bellagio on the Strip, said Wednesday that Deutsche Bank has loaned $415 million in constructio

The first phase of the Cosmopolitan Resort & Casino project's bank loan was closed by Deutsche Bank earlier this month and clears an important milestone for the development.

Manhattan and Miami developer Bruce Eichner is developing the $1.8 billion Cosmopolitan his way, breaking new ground for the Strip projects in ownership, financing, size, room density, retail mix, hotel branding and condominium development.

A midmorning thunderstorm Tuesday wasn't going to deter developers of the $1.8 billion Cosmopolitan from holding the project's formal groundbreaking.

Perini Building Company has signed a construction contract with a value of approximately $1 billion with 3700 Associates, LLC to build The Cosmopolitan Resort & Casino.

The Cosmopolitan's layout of retail stores and restaurants is based on easy access and convenience for consumers with unprecedented branding and signage opportunities for tenants.

The $1.5 billion Cosmopolitan Resort & Casino boldly addresses an emerging trend in Las Vegas where a tourist's primary vacation purpose is shopping, dining and entertainment.

Hyatt Hotels Corp. has signed an agreement with the planned Cosmopolitan Resort & Casino to operate the property's 2,700 hotel and hotel-condo units under the Grand Hyatt brand -- the brand's debut in Las Vegas.

Hyatt Hotels will bring its refined Grand brand with the upscale accommodations at The Cosmopolitan Resort & Casino.

The $1.5 billion Cosmopolitan Resort and Casino will bring two new equity investors to town -- New York developer Ian Bruce Eichner and SFM Capital Management, an affiliate of New York City-based Soros Fund Management LLC.

The partnership that is planning a condominium and resort on a U-shaped 8.5-acre parcel near the Jockey Club has announced new details, including the name of the project.