19 Replies Latest reply: Jun 3, 2014 11:48 PM by vaboywnder RSS

Blackstone buys LV Cosmopolitan

dalekana Platinum 2 Reviews
Currently Being Moderated

Now that Blackstone bought Cosmo, Hilton would be the next franchise to take over the property. Good riddance. Cosmo didn't do jack for Marriott. Good luck to Hilton Honors. More than likely, Cosmo will continue to alienate franchisees over their own Identity members.

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Location Brand Hotel
Las Vegas, Nevada, USA Autograph Collection The Cosmopolitan of Las Vegas, Autograph Collection
  • Re: Blackstone buys LV Cosmopolitan
    vaboywnder Alumni Steward Platinum 21 Reviews
    Currently Being Moderated

    dalekana,

     

    Thanks for posting this as I have not heard the news yet.  I'm very sad at the thought of the Cosmopolitan leaving the Marriott Autograph collection.  This was a fun and unique property to visit when in Vegas and as a Marriott Platinum member I was always treated like a VIP with the special check-in line and room upgrades.

     

    I found this article for those who are interested in reading about the transaction:

     

    http://www.reviewjournal.com/business/casinos-gaming/cosmopolitan-las-vegas-sold-blackstone-group-173-billion

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    • Re: Blackstone buys LV Cosmopolitan
      jerrycoin Alumni Steward Platinum 60 Reviews
      Currently Being Moderated

      vaboywnder,

       

      Thanks for sharing!

       

      It is most interesting, never stayed there, but enjoyed the "Banter"!

      (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

      • Re: Blackstone buys LV Cosmopolitan
        vaboywnder Alumni Steward Platinum 21 Reviews
        Currently Being Moderated

        It will be interesting to see what happens.  I read elsewhere that Blackstone may not end the Cosmo's partnership with Marriott as an Autograph property.  Crossing my fingers that nothing changes there.

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    • Re: Blackstone buys LV Cosmopolitan
      dalekana Platinum 2 Reviews
      Currently Being Moderated

      Here's the latest:

       

      http://ow.ly/xoYge

      (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: Blackstone buys LV Cosmopolitan
    marriottmemberfromla Platinum 51 Reviews
    Currently Being Moderated

    While you don't get the same treatment at The Cosmopolitan as other Marriott brand hotels, I really enjoyed The Cosmopolitan.  It was great getting points for an upscale, resort hotel on The Strip.  It and Aria are my two favorite hotels on The Strip.

     

    All of The Cosmopolitan's competitors on The Strip offer their own loyalty program so I wouldn't expect to get the same treatment there as I would at a JW Marriott, Marriott or Renaissance.

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  • Re: Blackstone buys LV Cosmopolitan
    jm1991 Gold 3 Reviews
    Currently Being Moderated

    Im still baffled as to why a popular and nice casino/hotel would lose so much money. Management must be horrible. I too hope it stays in the marriott fam.

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  • Re: Blackstone buys LV Cosmopolitan
    shashack Platinum 4 Reviews
    Currently Being Moderated

    We stayed there the first month it was opened.  We were treated great, nice upgrade and other small touches.  I am not much of a gambler nor do we get to Vegas often but the Cosmo would have been our selected Marriott property.  I am sad to see them leave

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  • Re: Blackstone buys LV Cosmopolitan
    applesaws Platinum
    Currently Being Moderated

    This is sad news. I recently stayed at this property and it is AMAZING. I came on here looking for more details about the hotel...only to find this sad news.

    I would like to stay here again before a conversion to what looks to be "Hilton".

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

    • Re: Blackstone buys LV Cosmopolitan
      vaboywnder Alumni Steward Platinum 21 Reviews
      Currently Being Moderated

      applesaws,

       

      "Amazing" is the right word for it!  If the Cosmo does change hotel affliation away from Marriott I hope it will be a while before that happens.  I too would like to stay again while its still an Autograph property.

      (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

  • Re: Blackstone buys LV Cosmopolitan
    kharada46 Alumni Steward Gold 10 Reviews
    Currently Being Moderated

    Cosmo may very well remain a Marriott Autograph Property, as I believe Blackstone currently owns other Marriott branded properties, such as the Wailea Beach and Waikoloa Beach Marriotts.  They previously owned the Hyatt Regency Maui as well. 

     

    Don't forget that Host Hotels (Host Marriott Corp, which split from Marriott Corp in '93) owns a great number of properties all under different brands as well, including Hyatt, Hilton, Fairmont, etc. 

    (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

    • Re: Blackstone buys LV Cosmopolitan
      dalekana Platinum 2 Reviews
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      I did not know this. Thanks. My concern is still with the way Cosmo treats Marriott Platinum members. We are not up there like their hi-rollers but as a Marriott partner, loyalty should still count.

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      • Re: Blackstone buys LV Cosmopolitan
        kharada46 Alumni Steward Gold 10 Reviews
        Currently Being Moderated

        dalekana, I've heard that too, though I've never been.  I think the problem is system wide though.  There are many Marriott branded properties that don't even recognize MR Platinums.  It's actually an issue that plagues the entire hospitality industry, especially since the brands don't own a majority of their properties and property owners would rather not spend the extra money, give extra perks, etc.

        (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

      • Re: Blackstone buys LV Cosmopolitan
        brightlybob Platinum 10 Reviews
        Currently Being Moderated

        TThe main issue here is that Marriott isn't really a hotel company, it's a branding business. The vast majority of Marriott branded hotels are franchisees. Some go for the franchise because Marriott can bring in regular stayers, others because the Marriott sales platform can greatly increase bookings, but Hotels that are in mainly leisure destinations have a real economic issue with hotel group loyalty programs.

         

        Its easy for a classic business hotel in the Marriott chain to see the point of loyalty schemes. Statistically loyalty scheme members on business are likely to accept a hotel thats a little less convenient whether in terms of distance, comfort level, facilities or price in order to stay with their preferred group. Many business hotels have names that recur multiple times a year. I'm to be found lurking around the Marriotts in Birmingham, Leicester, Leeds, Peterborough, and London several times each year as my business takes me there.

         

        Hotels at leisure destinations, such as Vegas, in groupings such as Marriott and Hilton have no such reassurances. Even if my stay might be motivated by my membership of the scheme, my selection of hotel for a leisure stay weighs far more on the convenience and facilities and comfort I require, and I'm far less likely to compromise on that. Hence I've only once holidayed for my summer 2/3 week holiday in a Marriott, the Marriott was in the right place and at the right price. If it had been only a mile further away I wouldn't have taken it for my holiday. If it had been 4* instead of 5, I again wouldn't have booked. for business stays booking at Marriott is a high priority, for leisure stays, less so.

         

        The cost of upgrading (with its possible loss of a paying guest upgrading), free breakfasts, free welcome amenity and points falls on the hotels bottom line and these leisure hotels may well feel that it's the Marriott website and selling platform they wanted rather than the rewards customers whom, like most of their leisure customers, they're likely never to see again...

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  • Re: Blackstone buys LV Cosmopolitan
    jlbarone3 Platinum
    Currently Being Moderated

    I really hope this hotel stays with Marriott. I stayed there 3 nights in March and it was the best hotel I ever stayed in! Who cares about how they treat Plats, there are so few of them anyway. I look forward to visiting this hotel at least once a year for years to come.

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  • Re: Blackstone buys LV Cosmopolitan
    marriottmemberfromla Platinum 51 Reviews
    Currently Being Moderated

    I hope The Cosmopolitan stays with Marriott because I, like others here, think it is a fantastic property. While you don't get the same level of VIP service for Gold and Platinums as other Marriott brand hotels, I would not expect it given that this hotel is in Vegas.

     

    If The Cosmopolitan is no longer part of Marriott, it will not impact me that much. While it is nice getting points on The Strip, The Cosmopolitan is often one of the most expensive hotels on The Strip so it is usually not my first choice. In addition, you can usually find good deals on The Strip so I would rather use my points in another city for a free stay.

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    • Re: Blackstone buys LV Cosmopolitan
      vaboywnder Alumni Steward Platinum 21 Reviews
      Currently Being Moderated

      marriottmemberfromla,

       

      I would have to disagree with the statement that you don't get the same level of VIP service. As a Marriott Platinum Rewards member staying at the Cosmopolitan I have always been treated exceptionally well in comparison to other Marriott properties. The VIP check in desk associates for Elite members are always very friendly and welcoming.   Each and every time I have received a significant room upgrade even if I had used Rewards Points for my stay. Some Marriott properties will not even upgrade you if you used points for your stay but that is not true at the Cosmo.  My last stay in Feb 2013 I was upgraded to a Wrap Around Suite even though I had redeemed points for my stay.

       

      (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

      • Re: Blackstone buys LV Cosmopolitan
        marriottmemberfromla Platinum 51 Reviews
        Currently Being Moderated

        Maybe VIP treatment was a poor word choice on my part. I have been treated well at The Cosmopolitan and have been given great benefits including great room upgrades and champagne sent up to the room that I did not receive at Marriott or Renaissance properties.

         

        What I was going for is that there are certain benefits not recognized at The Cosmopolitan such as free breakfast and Concierge Lounge that are pretty commonplace at most Marriott brand full service hotels.  I think those are things, whether right or wrong, are expectations of Marriott Platinum members, which has resulted in a lot of the disappointment some have experienced with The Cosmopolitan (especially for Gold members who do not see really any benefits there).

         

        On the room upgrades though, it is much easier for The Cosmopolitan to give Platinum members or Identity members a great room than Marriotts because they have so many nice rooms and suites. Some Marriotts have very few suites (some have none) so there is often not a great room to give away.  I get a significant upgrade in maybe every one of four to five stays (when I just get a high floor room, I just chalk that up to there was no nice room to give...maybe that is naive).  In Vegas though, you can get a really great room at a lot of Vegas hotels like Palazzo or Aria if you just ask nicely or do the $20 credit card sandwich.

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        • Re: Blackstone buys LV Cosmopolitan
          vaboywnder Alumni Steward Platinum 21 Reviews
          Currently Being Moderated

          For several years the Cosmo offered Platinum members a free breakfast/brunch at the Wicked Spoon Buffet for two.  It was a really nice perk considering the the price charged for the buffet. I think I read that perk ended sometime last year.

           

          I've never stayed at the Aria which is next door.  Good to know that a $20 credit card sandwhich can get you a nice room upgrade.

          (For each location tag, you will be guided through a 3-step process to add (1) a city and a state or a city and a country, (2) a Marriott brand, and (3) a Marriott hotel.)

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