Cosmopolitan Las Vegas Sold To MGM: Bye Marriott?

Cosmopolitan Las Vegas Sold To MGM: Bye Marriott?

26

I’m not big into Las Vegas, but this development has some pretty major implications for Hyatt and Marriott.

Cosmopolitan Las Vegas sold to MGM

This had been rumored for a while, but it’s now official — the Cosmopolitan Las Vegas has just sold, and MGM is involved in the deal:

  • Blackstone sold the Cosmopolitan Las Vegas for $5.65 billion, which is quite an ROI, as the company purchased the property for $1.74 billion in 2014
  • MGM Resorts International (already the largest operator on the Strip) is involved in the deal — MGM is paying $1.6 billion to purchase the hotel and casino operating rights, and then some other investment firms are paying $4 billion for the property assets
  • The transaction is expected to close in early 2022

The Cosmopolitan is generally regarded as one of the best mega-properties on the strip. It features over 3,000 rooms. While much of the hospitality sector is still struggling, that hasn’t been the case at the Cosmopolitan — in the second quarter of 2021, financial performance was better than pre-coronavirus.

The Cosmopolitan Las Vegas is being sold to MGM

Will Cosmopolitan leave Marriott Bonvoy, join World of Hyatt?

The reason that I’m interested in this deal is because of the implications that it has for major hotel loyalty programs. Currently the Cosmopolitan is a Marriott Autograph Collection property. That’s a huge advantage for Marriott, since the property more or less fully participates in the Marriott Bonvoy program.

While nothing has been officially announced (and this deal is only being closed in early 2022), it seems highly likely that the Cosmopolitan will cut its ties with Marriott. That’s because MGM Resorts International has its own M Life loyalty program, and there’s even a special partnership between M Life and World of Hyatt.

So while World of Hyatt members don’t quite receive the same perks in Las Vegas that they’d receive if staying directly at Hyatts, they do have the opportunity to earn and redeem points, and to take advantage of select perks.

My money is on the Cosmopolitan leaving Marriott Bonvoy and joining MGM M Life, and therefore by connection World of Hyatt. How soon that happens remains to be seen…

Could the Cosmopolitan Las Vegas cut ties with Marriott?

Bottom line

The Cosmopolitan Las Vegas has just been sold, and MGM will be taking over management of the hotel and casino. This is a major shake up to the Las Vegas hotel and casino scene.

While we’ll have to wait to see how this plays out, I think it’s highly likely that this hotel will leave Marriott, given that MGM has its own loyalty program. This would also likely mean that World of Hyatt members would be able to earn and redeem points for stays at the property.

What do you make of this update to the Cosmopolitan?

Conversations (26)
Newest comments are displayed first.

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Type your response here.

If you'd like to participate in the discussion, please adhere to our commenting guidelines. Anyone can comment, and your email address will not be published. Register to save your unique username and earn special OMAAT reputation perks!

  1. Fiann

    That's disappointing news. The Cosmopolitan has been key to me reaching Bonvoy Platinum by the end of this year, with two visits already and another due in November. It's a great solo traveller pampering destination, with the big bath tubs, terraces overlooking the Bellagio fountains and good value Happy Hours at all the upscale restaurants.

    As an Identity member they keep tempting me with $99 nights and no resort fees. When I check in I...

    That's disappointing news. The Cosmopolitan has been key to me reaching Bonvoy Platinum by the end of this year, with two visits already and another due in November. It's a great solo traveller pampering destination, with the big bath tubs, terraces overlooking the Bellagio fountains and good value Happy Hours at all the upscale restaurants.

    As an Identity member they keep tempting me with $99 nights and no resort fees. When I check in I ask that they tie the booking to my Bonvoy account, then get an upgrade, late check out, points and the nights credited - all at a fraction of the cost of booking through Bonvoy.

    I've never tried for Platinum status before as it's usually too many nights, and I have Gold status through my Amex card plus a Titanium-for-Life husband. But because the Pandemic lead to reduced elite requirements, plus some great deals, it has been in my budget for the first time, and The Cosmopolitan hack really helped. I had been looking forward to leveraging that new Platinum status with the hotel next year!

  2. NYGuy24

    ::shrug:: There wasn't a whole lot of value with the Cosmopolitan when I stayed there with top level Marriott status and since then they have further stripped away some of the benefits. Hotel was dated years ago when I last stayed there. I dunno about Cosmo being the best on the strip. If that is the case then Vegas must have really gone downhill.

  3. Davida Matthews

    So not happy I choose this location resort casino because I love the luxuries, I personally do not enjoy MGM down to paying resort fees and the bottom shelf bevorges, I love Vegas because of the cosmopolitan experience I pray this doesn't change

  4. r jones

    I'm sure they will not leave their customers high and dry.. They will allow customers to use their current points and bring into the new loyalty program Cosmo adopts (whether it is MLIFE etc) . No need to panic people , they haven't announced anything yet about this so anything anyone says is pure speculation at this point.

  5. Hugh Jassole

    Cosmo is excellent. Not sure what the haters are talking about. Great rooms, suites, dining and pools. Moreover, you can get roughly a 50% rebate with maxed out Hyatt 3x points promos, stacked with Amex offers ($100 off $500 basically year round - I use it 3-4
    Times/year) and Sapphire 3x points. Can expense luxury meals at 5 star restaurants at any MGM property to your room and also get the maximized points triple...

    Cosmo is excellent. Not sure what the haters are talking about. Great rooms, suites, dining and pools. Moreover, you can get roughly a 50% rebate with maxed out Hyatt 3x points promos, stacked with Amex offers ($100 off $500 basically year round - I use it 3-4
    Times/year) and Sapphire 3x points. Can expense luxury meals at 5 star restaurants at any MGM property to your room and also get the maximized points triple dip. Not to mention MGM’s own loyalty program on top of it all. I’ve been staying at aria sky suites and eating carbone at 50% off for years. This is huge for Vegas+Hyatt enthusiasts.

  6. Randy

    Another thing - having just been in LAS a few weeks ago and stayed at the Park MGM (using Hyatt CC certs) - it appears to me that the LAS is changing. There is a different cliental at the lower end of the strip - compared to the upper end - from Mirage up to Hilton Resort Work, including Wynn, Venetian, etc. and including the location of the new JW Marriott. The upper end appears to have a more upscale cliental.

  7. Randy

    I think this means Marriott is out at LAS as having any gambling hotels for now. However, when the JW Marriott opens - it will be Marriott's new managed casino hotel.

    Maybe the writing was on the wall - with the new JW Marriott completely constructions in the next year.

  8. Steven A.

    Not a megaproperty.

    Wynn/Encore, Venetian/Palazzo, MGM Grand, Mandalay Bay, and Aria CityCenter are the only actual megaproperties that are large scale, integrated properties.

    Room count, casino size, convention facilities, pool facilities, etc.

    Cosmo has a notoriously undersized casino, small convention facilities, small pool facilities, and only a modest room count.

  9. Randy

    One thing is certain.

    MLife & MGM could give a s*** less about their customers' experience.

    Signed, A former loyal customer

  10. Bob

    Isn't Marriott taking over the abandoned hotel next to Hilton's new resort world so Marriott will still have a presence albeit it cosmopolitan is right in the center of everything.

    1. GSHLGB

      Unsure of that, but the former Fountain Bleu would be a good choice easily walkable to convention center

  11. Sam

    "The Cosmopolitan is generally regarded as one of the best mega-properties on the strip."

    @lucky umm... no. Just no.

    1. GSHLGB

      The misogynist decor is an absolute no for me

  12. Steve

    Not a good sign for the points and miles community when a hotel like this proves to be a tremendous success while not giving one s#*+ about its customers...

  13. FNT Delta Diamond

    This property never upgraded and failed to provide a breakfast benefit like every other otherwise Bonvoy participating hotel. Good riddance.

    1. Eskimo

      AC hotels don't normally provide breakfast for elites, so that's standard.
      I never had problems upgrading in Vegas even with a conference going on. Vegas is all about how long you're willing to wait for your room and if you "talk nice" sometimes you get double upgraded.

      I doubt that under M Life you will get anything better. Since this will be a MGM property not a Hyatt. So still no breakfast, no suite upgrades. And still no free parking.

    2. GSHLGB

      Free parking is the easiest part... just cross status match Hyatt to the MGM program - haven't paid for parking in 3 + years

    3. UA-NYC

      Autograph properties always provide free breakfast (they are full service and not R-C/Edition), your reply is not factual

  14. eric

    best hotel at the strip. No real bonvoy benefits. but hey it's vegas ...
    Still LOVE this hotel

    1. Eskimo

      What do you mean no real Bonvoy benefits.

      It's a reduced Bonvoy benefits but there is, bonus points, and late check out.
      What is not good is they can't combine Bonvoy and Cosmo's elite benefit.
      So either I get bonus bonvoy points or waived resort fees but not both.

    2. Rick

      Best hotel on the strip? I’ve stayed at nearly every nice hotel on the strip, Cosmo is nowhere close.

      -Four Seasons
      -Skylofts
      -Aria Sky Suites
      -Wynn
      -Encore
      -Waldorf
      -Bellagio

      Havent yet stayed at Conrad/Crockfords, but assume those will be well above Cosmo.

    3. Eskimo

      @Rick
      But you forgot the classics LOL.

      Circus Circus
      Excalibur
      Luxor
      Tropicana
      Travelodge

      Or Downtown Vegas.

      Cosmo might not be the best but it's still nice.

  15. Stvr

    This hotel was carved out of bonvoy breakfast so not a great loss here.

    If anything the bonvoy experience improves on average by removing the properties that hate the program

  16. pstm91

    Some bankers will certainly be celebrating. I wonder if they'll celebrate at the Cosmopolitan? lol

  17. Jim in Philly

    As someone who takes advantage of the MGM/Hyatt partnership, this would be good news, although as somewhat noted, the direct WOH benefits I get when staying at an MGM property are minimal, the big bonus is comped elite M Life status from MGM.

  18. John

    I think it will definitely change and this is sad. Cause while I have Mlife gold, Cosmo had a great rewards program that will be shut down.

Featured Comments Load all 26 comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

Steve

Not a good sign for the points and miles community when a hotel like this proves to be a tremendous success while not giving one s#*+ about its customers...

Eskimo

What do you mean no real Bonvoy benefits. It's a reduced Bonvoy benefits but there is, bonus points, and late check out. What is not good is they can't combine Bonvoy and Cosmo's elite benefit. So either I get bonus bonvoy points or waived resort fees but not both.

eric

best hotel at the strip. No real bonvoy benefits. but hey it's vegas ... Still LOVE this hotel

Meet Ben Schlappig, OMAAT Founder
4,523,713 Miles Traveled

25,807,500 Words Written

28,675 Posts Published

Keep Exploring OMAAT
  • May 1, 2021
  • Ben Schlappig
3
Weekly Review: May 1, 2021