Caesars Entertainment has announced plans for a 5-Star non-gaming $200 million Caesars Palace Resort along the beach in Puerto Los Cabos, Mexico. It will be the company’s first venture in that country.
Caesars will do the development in concert with the Mexican developer Grupo Questro. Caesars will manage the property in return for licensing and a management fee.
The development is part of the company’s campaign to expand its holdings globally. The week before the company announced that it would be managing two luxury hotels and a beach club in Dubai. Both will be the company’s first non-gaming ventures.
Caesars CEO Mark Frissora said in a statement, “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.”
The non-casino resort will include a luxury hotel with 500 rooms, a 40,000 square foot convention center, spa, concert venue, pools, cabanas, fitness center, three fine dining restaurants and access to two golf courses. It is scheduled to open next year.
Two weeks ago, Caesars announced it was going to open and manage two luxury hotels and a beach club in Dubai. No gaming is planned for this project either.
