Patrick Nichols is the Chief Strategy Officer at The Cosmopolitan of Las Vegas, a luxury resort offering a decidedly different perspective in Las Vegas hospitality. Nichols joined The Cosmopolitan in 2010 as a member of the pre-opening team and has excelled in multiple roles at the resort including director of strategic planning, director of business planning, senior director of strategic planning, vice president of financial planning and senior vice president of strategy & business development.
Today, Nichols holds an imperative role leading strategy development and execution, business development, construction, retail and entertainment operations, and financial planning and analysis for the company. Nichols partners with the senior management team to develop and implement major strategic initiatives across the resort. Nichols is responsible for identifying business development opportunities and overseeing the design and construction process for new projects spanning multiple verticals from food and beverage concepts to hotel and gaming offerings. Nichols oversees retail operations in addition to the entertainment team, who are responsible for producing concerts, boxing matches and lifestyle events. Leading a team of CoStars, Nichols spearheads the financial planning and analysis initiatives for the company including long-term strategic planning, near-term capital analysis and deployment, forecasting for all major business lines in addition to reporting to the property’s Board of Directors.
In 2008, Nichols moved to Las Vegas right after college when he began working at Las Vegas Sands Corporation as a financial analyst before being promoted to a financial planning and analysis manager. During his time at Las Vegas Sands, he was a member of the pre-opening teams for Sands Casino Resort Bethlehem in Pennsylvania and Marina Bay Sands in Singapore where he was responsible for implementing all financial planning tools and reports for the resort.
Nichols was named an “Emerging Leader of Gaming” by The Innovation Group (2016) as well as one of Global Gaming Business Magazine’s “40 Under 40” (2016). He earned an undergraduate degree in hotel administration with a concentration in finance and information systems from Cornell University. He grew up in Minnesota and got his start in the hospitality business early, working for his parents’ hotels. In his spare time, he enjoys sailing, golfing, scuba diving and spending time with his two nieces.