Is The Cosmopolitan of Las Vegas Owned by Condé Nast?

No, The Cosmopolitan of Las Vegas is not owned by Condé Nast. While Condé Nast is a prominent media company known for its magazines, The Cosmopolitan is a luxury resort and casino.

Ownership and Operation Details of The Cosmopolitan of Las Vegas

The ownership structure of The Cosmopolitan of Las Vegas involves several investment entities, and its operations are managed by a well-known hospitality group.

Current Ownership

The primary ownership of The Cosmopolitan of Las Vegas rests with a consortium of investment firms:

• The Blackstone Group
• Stonepeak Partners
• Cherng Family Trust

These groups collectively own the physical property and its assets.

Operational Management

While the property is owned by the aforementioned investment firms, the resort's day-to-day operations are expertly handled by:

• MGM Resorts International

This operational agreement means that MGM Resorts International is responsible for managing the resort's services, amenities, and guest experiences, distinct from the property's financial ownership.

Key Features of The Cosmopolitan of Las Vegas

Located in Paradise, Nevada, U.S., The Cosmopolitan of Las Vegas is a premier destination offering a wide range of facilities:

• Casino: A sprawling 100,000 sq ft (9,300 m2) casino floor provides extensive gaming options.
• Accommodations: The resort boasts 3,033 rooms distributed across two distinctive towers, offering luxurious stays.
• Entertainment: A grand 3,200-seat performance theater hosts a variety of shows and events.
• Dining and Retail: Guests can enjoy numerous restaurants and diverse retail establishments within the resort complex.

This detailed overview clarifies that The Cosmopolitan of Las Vegas is an independent hospitality entity with a distinct ownership and operational structure, separate from any media publishing houses like Condé Nast.