caesars palace

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caesars palace

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 Entertainment Plans Resort Licensing & Brand Opportunities for Non-Gaming Hotels with Four Iconic Brands

Caesars Entertainment Corporation | June 5, 2018

LAS VEGAS, June 5, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) has announced plans to create unique branding and licensing opportunities with four of its iconic brands - Caesars Palace, Flamingo, The Cromwell and The LINQ. The move allows Caesars and select strategic partners to expand the global reach of these distinct brands into gateway cities around the world. "Caesars Entertainment brings instant brand-recognition, category-leading customer loyalty, unique hospitality and entertainment amenities as well as decades of management expertise to world class partners seeking to deliver distinct lodging and resort experie...

Caesars Entertainment Partners With Grupo Questro for $200 Million Caesars Palace Luxury Resort in Puerto Los Cabos, Baja, Mexico

Caesars Entertainment Corporation | April 26, 2018

LAS VEGAS, April 26, 2018 -- Caesars Entertainment Corporation (NASDAQ: CZR) today announced plans to bring a non-gaming Caesars Palace resort to beach-front property along the coast of Puerto Los Cabos, Mexico. The hotel licensing strategy is part of Caesars' plan to expand its brands into new global markets. The $200 million luxury beachfront hotel will be developed by Grupo Questro, one of Mexico's preeminent developers with over 30 years of experience and a diversified portfolio of projects that includes resorts, hotels, shopping centers, golf courses, and residential complexes. Caesars Entertainment will manage the property...

Caesars to Enhance and Upgrade More than 5,700 Rooms in 2016 at Four Las Vegas Resorts and Three Regional Resorts

Caesars Entertainment Corporation | March 10, 2016

LAS VEGAS, March 9, 2016 -- Caesars Entertainment Corporation (NASDAQ: CZR) announced plans to upgrade more than 4,800 hotel rooms this year at four of its Las Vegas resorts, and more than 900 rooms at three regional casinos totaling more than 5,700 owned or managed rooms across the enterprise. This renovation effort represents approximately 20% of rooms in Las Vegas and 15% of total rooms throughout the company. At the end of 2016, following the completion of this series of room renovations, Caesars Entertainment will have updated more than 10,000 hotel rooms in the last three years. These resort upgrades include the transformation of ...

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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