LAS VEGAS-Harrah’s Entertainment today announced a $1-billion expansion of its flagship Caesars Palace hotel and casino on the Las Vegas Strip. Completion is slated for early 2009.

The centerpiece of the expansion is Octavius Tower, a new $375-million, 23-story hotel building that will adjoin Augustus Tower, which opened in 2005. The second floor of the new 665-room hotel tower will be lined with pool suites overlooking three new swimming pools that will rim an expanded outdoor whirlpool spa retreat, a poolside cafe and a nearby garden wedding venue. Adjacent to the new tower will be a new 263,000-sf meeting and convention facility.

As part of the expansion, the resort’s existing 512-room Forum Tower will undergo an $83-million refurbishment. Improvements will include a new front entrance and expanded valet parking, a remodeled buffet restaurant, a redesigned Cypress Street Marketplace casual restaurant and an enlarged Race & Sports Book.

Scheduled to open in the first quarter of 2009, Octavius Tower will push the Caesars Palace room count to more than 4,000. The pool expansion is slated for completion in the second quarter of 2009. The Forum Tower renovation is scheduled to be completed in January 2008.

Other site improvements will include an expansion of the property’s central electrical plant expansion and relocation of power lines along Flamingo Road. A new venue and show featuring Bette Midler also is in the works.

Earlier this week, MGM Mirage Inc. announced a multi-phase, multi-year makeover for Luxor, its 4,400-room black pyramid hotel-casino at the south end of the Las Vegas Strip. The transformation includes a new nightclub, new restaurants and lounges, a new Cirque du Soleil production, a renovated casino floor and remodeled hotel rooms.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.