Apollo Global Management, owners of the Venetian Resort Las Vegas, have announced plans to spend over $1 billion in renovations to the Strip property, according to Venetian CEO Patrick Nichols.
In a recent interview with Travel + Leisure, Nichols asserted that the new renovations would update “every area of the guest experience.” He also said that the company plans “to renovate, remodel and redesign all of our suites,” for both the Venetian and Palazzo.
“We will be offering a number of new [food-and-beverage] concepts, we are taking a deep look at entertainment, nightlife, and bar offerings, and the casino floor will feel significantly different as well,” Nichols concluded.
The CEO took office in June, after serving as general manager of the Cosmopolitan Las Vegas, also on the Strip.
After Apollo’s $6.25 billion acquisition of the Venetian and Palazzo from VICI Properties was finalized back in February, the company announced plans to renovate the existing pool deck and add a $50 million TAO Beach Dayclub.
According to Nichols, Los Angeles-based design firm RIOS will spearhead the project—the prominent Italian theme is expected to stay, as Nichols said that “we are a themed hotel and we will always be a themed hotel.”
