“With everything this property has going for it, I wouldn’t be surprised if the new Palms was even cooler than it was before.” “It’s a big bet, but a calculated one,” says Jon Gray, who started at the Palms as assistant front desk manager in 2005 and now serves as general manager for the entire resort. By the time the spa opens later this year, the ultimate price tag is expected to exceed $1 billion - a number many consider to be the most expensive refresh in Vegas history. Those owners, brothers Frank and Lorenzo Fertitta, purchased the property for $312.5 million from TPG Capital and Leonard Green & Partners in May 2016 and started renovations the following year. In short, when the new resort brings in performers such as Cardi B, Alicia Keys and Travis Scott to kick off its grand opening weekend on April 4-7, the new owners hope to party like it’s 2001.

Those millions of dolllars in improvements are designed to make the hotel a hit once again, to recapture the glory days of the early 2000s when reality television shows filmed upstairs, celebrities were as common as blackjacks on the casino floor and every visit to Vegas included a stop at the Palms. The Palms Casino Resort, a 1,365-room property on Flamingo Road west of the Las Vegas Strip, soon will debut more than $690 million worth of additions and renovations, including new accommodations, restaurants, bars and nightlife, as well as a multimillion-dollar collection of art. Notwithstanding the above, Group shall pay damages to Hotel for each guest room/suite night contracted but not utilized by Group, as set forth in the attrition schedule for those collective individual cancellations which exceed the attrition schedule.One of the historically hippest hotels in Las Vegas is about to kick off a whole new era of cool. Any remaining nights of a “no-show” reservation will be cancelled. Depending on the method of deposit or guarantee, Hotel shall charge the individual attendee or bill the Master Account the first night’s guest room/suite rate and tax for cancellation within forty-eight (48) hours of the scheduled arrival date or failure of the individual to check in on the scheduled arrival date. The Hotel allows individual attendees the right to cancel their guest room/suite reservations without penalty up to forty-eight (48) hours prior to the attendee’s scheduled arrival date. All guaranteed reservations will be held until 11:59 PM only on the day of the attendee’s confirmed arrival date.

Palms casino resort las vegas