The Cosmopolitan has changed hands a few times since it opened in 2010. It was one of my favorite hotels for awhile, with its focus on food and beverage and nightlife. I revisited the property this past June and was able to enjoy one of my favorite rooms again. I really do enjoy relaxing on those balconies. I was disappointed in almost everything else about the Cosmo this past trip, though. I like MGM, so I am hoping things turn around a bit.
MGM Resorts will begin operating the Cosmopolitan operations once the agreement is finalized in early 2022. That will give MGM operational control of all of the Strip-front gaming properties on the West side of the Strip from the Bellagio, South to Mandalay Bay. That is a long stretch. They will be leasing the property from a partnership that includes Blackstone. Note that MGM recently sold the Bellagio to Blackstone and is leasing the property back. Over the past few years, MGM has also sold Mandalay Bay, MGM Grand, Aria and Vdara to Blackstone and is leasing them back under similar agreements.
For more info, visit this link: https://www.meetings-conventions.com/News/Gaming/MGM-Resorts-to-Operate-Cosmopolitan-Las-Vegas