by DeSimone Consulting Engineers. The interior design team included Digital Kitchen, Prophet, the Friedmutter Group, The Rockwell Group, Jeffrey Beers, Adam Tihany, and Bentel & Bentel. The resort was built on what used to be the parking lot for the Jockey Club. Because the Cosmopolitan occupies much of the parking lot, it was agreed that the Club residents could use part of the Cosmopolitan's parking garage. The Cosmopolitan was the second Las Vegas hotel, after The Palazzo, to feature an underground parking garage underneath the hotel. As a result, the parking garage was built first. In December 2007, work finished on the hole for the parking structure, while other foundation work remained in progress. The hotel was originally planned to open and be operated by Hyatt as the Grand Hyatt Las Vegas. Original plans called for the casino to be on the second floor, but this was later changed and the casino was built on ground level, like most other Las Vegas hotel-casinos. Planned condo units were cancelled and replaced with studios and other hotel rooms. In January 2008, it was reported that the $3.9 billion project faced financial complications, as Eichner's company defaulted on a $760 million construction loan from Deutsche Bank when the developer missed a payment after failing to secure refinancing for the project. Construction moved forward as the developers searched for new financing. In late February 2008, Global Hyatt Corporation and New York-based Marathon Asset Management agreed to recapitalize the condominium-hotel project. However, one month later the developer said Deutsche Bank AG would begin foreclosure proceedings. They bought the hotel for $1 billion during the summer and hired The Related Cos., developers of Time Warner Center in New York, to re-position the asset, manage the development process and assist in leasing the retail and restaurant collection. Related recommended many revisions, including bringing the casino entrance onto the strip. In June 2008, Hearst filed a trademark suit against the owners of the casino. Hearst owns the trademark to Cosmopolitan magazine. In March 2010, the suit was settled, and the resort was renamed Cosmopolitan of Las Vegas. In August 2008, it was announced that MGM Mirage, Starwood, Hyatt and Hilton Worldwide were in talks to acquire the property. It was speculated that MGM Mirage would integrate the project into Bellagio and CityCenter; Starwood were to establish its W Hotels and St. Regis Hotels brands; and Hyatt would have