Hyatt Hotels to renovate and rebrand Rio Las Vegas
Friday 19 de March 2021 / 07:09
⏱ 1 min read
(Las Vegas).- The off-Strip Rio Las Vegas will undergo a multi-phase renovation project in which the property’s 2,510 hotel rooms and suites will be rebranded by the Hyatt Hotels Corp.
In a statement Thursday, Rio owner New York-based Dreamscape Companies did not reveal a cost for the renovations. An outside spokesman for Dreamscape said the resort would retain the Rio name.
The initial focus will be converting a 1,500-room tower into a Hyatt Regency hotel. The remainder of the Rio’s guestrooms are expected to be branded or affiliated with one or more of Hyatt’s brands after they are renovated. Current plans contemplate a phased renovation without having to close the property.
The property’s current public spaces, including gaming, retail, food and beverage, spa and fitness, and pool recreation deck, will also undergo redevelopment. A time frame also not disclosed.
Dreamscape acquired the Rio in December 2019 from Caesars Entertainment for $516.3 million. Caesars continues to operate the hotel-casino under a two-year lease agreement that pays Dreamscape $45 million a year.
Categoría:Gaming
Tags: Sin tags
País: United States
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