Las Vegas

The Cosmopolitan

Master Planning a Resort Hotel Restaurant Collection

The Cosmopolitan
The Cosmopolitan
The Cosmopolitan

Following the foreclosure of the stalled Cosmopolitan Resort and Casino development in Las Vegas in 2008, the lender of the property was faced with the decision of forcing a sale of the property or finishing the project’s development. The Related Companies was hired by the lender as a fee developer to complete the project. One of the new ownership group’s primary goals was to redefine the standard of food & beverage in Las Vegas.

The opening restaurant collection, which would ultimately come to be the paragon of destination dining on the Las Vegas Strip, included world class concepts such as Jaleo by Jose Andres, STK, Estiatorio Milos by Costas Spiliadis, Comme Ca by David Myers, Blue Ribbon Grill, and Scarpetta by Scott Conant.

As Vice President at Related, Peter was brought into the development team to spearhead the food & beverage efforts, which included a full reprogramming of the existing F&B master plan. Peter implemented a pioneering F&B deal structure which was unprecedented in the history of Las Vegas.

Developer

Related Urban

Project Class

Hotel

Las Vegas

Location

In the role as Vice President at Related, Peter Peterson was responsible for:

Master Planning, Underwriting Support, Operator Search, Concepting, Tenant Coordination

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