caesars palace las vegas

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caesars palace las vegas

VICI Properties Completes Acquisition of Octavius Tower at Caesars Palace Las Vegas for $507.5 Million

VICI Properties | July 12, 2018

NEW YORK--VICI Properties Inc. (NYSE:VICI) (together with its affiliates, "VICI Properties" or the "Company"), an experiential real estate investment trust ("REIT"), today announced it has completed the acquisition for the previously announced transaction with Caesars Entertainment Corporation (NASDAQ:CZR) ("Caesars Entertainment" or "Caesars") to acquire, and lease back, all of the land and real estate assets associated with the Octavius Tower at Caesars Palace for $507.5 million. The Company funded the purchase of Octavius Tower using available cash. Caesars has operated, and will continue to operate, Octavius Tower pursuant to the te...

Caesars Palace Las Vegas’ Original Roman Tower Renamed Julius Tower after $75 million Renovation

Caesars Palace | October 23, 2015

Las Vegas, Nev. (October 23, 2015) – As the 50th Golden Anniversary beckons, the evolution of Caesars Palace Las Vegas continues with the reimagining of the iconic hotel's original tower, the Roman Tower, to be completely reborn as the new Julius Tower. Never resting on its laurels, the $75 million Las Vegas hotel tower renovation is part of an ongoing brand transformation of the Las Vegas resort that has welcomed millions of visitors from its center Strip vantage point beginning August 5, 1966. Expected to welcome its first guests January 1, 2016, the new 587-room Julius Tower will feature new design-savvy, modern rooms and suite...

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