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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.

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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