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Caesars Entertainment Announces Development of Caesars Palace Luxury Resort in Puerto Los Cabos, Baja, Mexico

The $200 million luxury beach front hotel will be developed by Grupo Questro, one of Mexico’s preeminent developers with over 30 years of experience and a diversified portfolio of projects that includes resorts, hotels, shopping centers, golf courses, and residential complexes. Caesars Entertainment will manage the property and receive a licensing and management fee.

“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,” said Caesars Entertainment President and Chief Executive Officer, Mark Frissora. “This resort will represent our first investment in Mexico, and it speaks to the global strength of the Caesars brand. We are looking forward to working with Grupo Questro to create a 5-Star destination that reflects the best of Caesars offerings in the hospitality, dining and entertainment spaces.”

“We are very excited to work with our new partners to help bring the Caesars brand to Puerto Los Cabos,” said Eduardo Sanchez Navarro Rivera Torres, Executive President of Grupo Questro. “Caesars is known around the world, and we are confident that this luxury resort will be an incredible asset for global visitors.”

The non-gaming luxury beachfront hotel will feature 500 rooms and suites, a 40,000-square foot convention center, a 25,000-square foot full service spa, three fine dining restaurants, an array of amenities including an entertainment venue, pools, cabanas, fitness center, tennis courts and access to the two signature golf courses. The beach-front property will be situated in the Puerto Los Cabos Tourist Corridor and the San Jose del Cabo resort city on the southern tip of the Baja California peninsula.

Puerto Los Cabos is a prime market for the introduction to the expansion of the Caesars brand in North America. The number of airline passengers

Article source: https://www.prnewswire.com/news-releases/caesars-entertainment-announces-development-of-caesars-palace-luxury-resort-in-puerto-los-cabos-baja-mexico-300636108.html

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