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CEO of The Cosmopolitan Las Vegas To Leave Before End Of Year

The Cosmopolitan's CEO says he's leaving the Las Vegas Strip hotel-casino at the end of the year as ownership moves from Deutsche Bank to Blackstone.

John Unwin said in a statement Tuesday that he's leaving for a new venture, which he didn't name.

Deutsche Bank tapped Unwin to be The Cosmopolitan's CEO in 2009 before the $3.9 billion high-rise opened in 2010.

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Deutsche Bank, which built the hotel after the original developer defaulted, announced in May that it would sell The Cosmopolitan to an affiliate of the Blackstone Group for $1.73 billion.

The deal is expected to close later this month.

Blackstone's real estate chief Jon Gray said in a statement that Unwin did a great job and the company would build upon his success moving forward.
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