The US$200 million luxury beach front 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 and receive a licensing and management fee.
“Bringing Caesars Palace to Puerto Los Cabos will represent further progress on our strategy to expand the company’s non-gaming businesses into premiere resort and gateway destinations,” said Caesars Entertainment President and Chief Executive Officer, Mark Frissora.
“This resort will represent our first investment in Mexico, and it speaks to the global strength of the Caesars brand. We are looking forward to working with Grupo Questro to create a 5-Star destination that reflects the best of Caesars offerings in the hospitality, dining and entertainment spaces,” Frissora added.
The non-gaming luxury beachfront hotel will feature 500 rooms and suites, a 40,000-square foot convention center, a 25,000-square foot full service spa, three fine dining restaurants, an array of amenities including an entertainment venue, pools, cabanas, fitness center, tennis courts and access to the two signature golf courses.
In addition to the projects in Puerto Los Cabos and Dubai, Caesars Entertainment has announced plans to build a meeting and conference center in Las Vegas and has broken ground on a new Harrah’s-branded casino in Northern California.
Source: GMB
