Blackstone Sells Cosmopolitan Casino And Hotel For $5.65 Billion
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To paraphrase the immortal words of Kenny Rogers: You gotta know when to hold 'em, know when to fold 'em, know when to walk away... and know when to sell your 3,000-room hotel, casino, nightclub, and resort for billions of dollars.
That's the tune investment management group Blackstone was singing Monday when it announced it had cashed in Las Vegas's Cosmopolitan for a cool $5.65 billion.
Source Fool.com
