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Cosmopolitan Hotel

Lorita78Lorita78
10 Comments
in Nevada-Las Vegas
I think I am gonna book this hotel for my in-suite reception, but as its not opening till December it has me a bit concerned!!!

Do you think its a risk? I have no feedback or reviews, and nobody has even stayed there yet! On one hand Im excited to have this option, but also a bit anxious!!

I phoned PH about their outrageous rates for June 2011 ($1988 for panorama) compared to  approx $400 for cosmopolitan!

What to do, what to do!!!!!
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Re: Cosmopolitan Hotel

  • Sloane99Sloane99 member
    500 Comments
    edited December 2011

    I know that it's gone into foreclosure a few times but keeps getting rescued.

    My concern for you would be any delays in the project, the hotel is slated to begin opening groups of rooms in January 2011 - nearly 1,000 won't be open immediately and the entire resort isn't expected to be open until July - that's if there's no delays. You could be dealing with construction noise and unfinished areas. If you want to hold off a bit you may be able to get a better perspective as they get closer to opening or you may decide it's not worth the risk but just thought I would offer my two cents.

    From the Associated Press:

    LAS VEGAS — The $3.9 billion Cosmopolitan of Las Vegas has started accepting room reservations for a Dec. 15 opening, hotel officials said Wednesday.

    The company said in a separate regulatory filing that it planned to spend $1.1 billion during the last nine months of 2010 to finish the 2,995-room casino-resort on the Las Vegas Strip.

    Company officials said that includes $800 million for construction and $284 million for furniture, fixtures and other equipment.

    The filing with the Securities and Exchange Commission said it spent $164.4 million on capital expenses during the first quarter ending March 31, mostly for construction.

    The Cosmopolitan said it had $3.1 million cash on hand and $2.2 billion available from a $3.9 billion credit facility as of March 31.

    The hotel's website is advertising opening night room rates starting at $300.

    The two-tower resort will open without 987 of its rooms, with most of them opening incrementally through July next year. Cosmopolitan CEO John Unwin has said the delay will give more time to finish interior work and move furniture.

    The company said Wednesday that 19 rooms would open after July 2011, when "management deems appropriate."

    The 8.7-acre development is expected to be the last new Strip casino for at least a few years. Other projects, including the Carl Icahn-owned Fontainebleau Las Vegas and Boyd Gaming Corp.'s Echelon, are on hold indefinitely as their owners wait for more favorable market conditions.

    Operators have lowered room rates in Las Vegas as they fight to attract tourists to existing casinos.

    Owner Deutsche Bank paid about $1 billion for the half-finished development in August 2008 after its previous developers entered foreclosure. The German bank decided to finish and open the resort.



     

    2 IVFs & 1 FET. Welcome home baby girl!
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  • Lorita78Lorita78
    10 Comments
    edited December 2011
    I guess your right there....the idea of the terrace was really swinging it for me!
    back to square one I think :-/
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  • JaydensMommieJaydensMommie
    100 Comments
    edited December 2011
    I have a friend who works there, I think in some kind of sales dept.  I know shes all excited about it.  I can ask her.  I mean, she might not know but it doesn't hurt to ask.  When is your wedding?  
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  • Lorita78Lorita78
    10 Comments
    edited December 2011
    that would be great!!! my wedding is June 2011.

    thank u!


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  • dvohnoutdvohnout
    1000 Comments
    edited December 2011
    I think as long as it is refundable, most rooms in Vegas are up to like 48  hrs in advance, then you are fine. June is 6 months after their opening, so you could reserve now, and as time nears, weigh it out.
    image
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  • 1DestinationBride1DestinationBride
    100 Comments
    edited December 2011
    With your wedding is a year away, I would highly recommend that you hold off on making any committments to this place.

    Book your second choice and when you get closer to your wedding and have read reviews or visited the place, then you can decide if you want it at Cosmo. If so, then you can cancel your reservations at your second choice. And if you're not sold with Cosmo, then at least you have something lined up.
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  • Lorita78Lorita78
    10 Comments
    edited December 2011
    Thats a f***n great idea!!! Thanks ladies :)
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  • JaydensMommieJaydensMommie
    100 Comments
    edited December 2011
    My friend wasn't much help.  I am going to see her Thur and will try and get more info then i did in the email.  If you really like Cosmo I would book both places and then cancel one before the event.  You still have time to think about it though.  
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  • Lorita78Lorita78
    10 Comments
    edited December 2011
    Thanks!!!
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