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The Palms Casino Resort is embarking on a new era of growth that will
change the skyline surrounding its landmark location. Owner George
Maloof announced expansion plans to build a 40-story hotel tower and a
520-foot condominium hotel and spa.
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The $600 million expansion is part of the master plan for the Palms,
which resides on 34 acres on West Flamingo Road. The expansion will
introduce some firsts for Las Vegas and compliment the local and
celebrity clientele known to frequent the Palms.
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"Since we opened the Palms in 2001, we have developed one of the
strongest brands in the gaming industry. Our property is known
worldwide." Maloof said. "Our marketing strategy at the Palms has
resulted in extraordinary financial success. We want to continue that
success and make the Palms an all encompassing one stop resort
destination for our guests."
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A new hotel tower with 347 rooms and suites is currently under
construction and will feature many one-of-a-kind amenities. The
expansion will include 46 megasuites and sky penthouses.
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"The Palms set the standard for themed hotel rooms by creating the
world-famous Real World suite," Maloof said. "With our expansion, we
will design some of the most extraordinary and unique luxury suites
ever built in Las Vegas."
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There will be themed party suites, built with extra sound insulation,
that include swimming pools, fireplaces, and even a basketball court.
These suites will be accessible from a private entrance and valet.
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One of the main features of the expansion will be an entertainment
mecca that mixes nightlife and dining. The Palms has entered into a
licensing agreement with Playboy Enterprises Inc. that will enable the
hotel to use the Playboy brand name for a high-end lounge and a themed
retail venue. The Palms and the N9NE Group, which currently operates
hot spots Ghostbar and Rain in the existing tower, will operate the
new venues.
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The first-ever recording studio in a Las Vegas hotel-casino will span
8,000 square feet, offer state-of-the-art equipment and allow artists
to record from remote units in their suites. The expansion will also
include an exclusive screening room and lounge that will accommodate
VIP guests who require a private spot for viewing films.
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Additional highlights include an intimate 2,200-seat showroom,
approximately 60,000-square-feet of meeting space, two new restaurants
and specialty retail shops. A new pool with private bungalows and a
unique look will be an extraordinary centerpiece for the resort.
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Adjacent to the hotel towers, a 50-story, 520-foot condominium hotel
and spa will be built. The project, named Palms Place, will feature
599 condominiums. Celebrities, major recording artists, prominent
sports figures, actors and Palms high rollers are among the first to
reserve a residence at Palms Place, which is slated to begin
construction in 2006.
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Palms Place will be connected to the Palms by an enclosed, elevated,
moving walkway, allowing residents 24-hour access to amenities at the
Palms.
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"Palms Place will be the premier condominium hotel complete with a
world-class spa, VIP concierge service and all the action of the Palms
lifestyle," Maloof said. "The building will be spectacular and will
boast wide ranging views of the Strip and Spring Mountains."
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The Jerde Partnership, based in Los Angeles, California, is the
architect for Palms Place and the new hotel tower. Jerde is known
worldwide for its architecture, urban planning and landscape design.
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Only one tower will be built at Palms Place, creating a more exclusive
environment, according to Maloof. Palms Place will feature a private,
gated entryway, a 50,000-square-foot pool and spa, valet parking and more.
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The fully furnished contemporary condominiums will range from 600 to
7,000 square feet. Prices range from $500,000 to $7 million.
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Highrise 
Las Vegas Strip 
