Palms Casino Resort

Palms Casino Resort
Address 4321 Flamingo Road
Las Vegas, Nevada 89103
Opening date November 15, 2001
No. of rooms 702
Total gaming space 95,000 sq ft (8,800 m2)
Notable restaurants "N9NE"
"Alizé"
"Nove"
"Simon Restaurant Lounge"
Casino type Land-Based
Owner TPG Capital

Leonard Green & Partners LP Maloof family

Years renovated 2005 (Fantasy Tower), 2008 (Palms Place Tower)
Website http://www.palms.com/

The Palms Casino Resort, also known simply as the Palms, is a casino hotel and residential tower located in Las Vegas, Nevada. The main tower has 702 rooms and suites and contains a 95,000 sq ft (8,800 m2) casino, a recording studio, a Michelin starred restaurant, and a 2,200 seat showroom.

Despite the fact that it is located off the Strip, the resort has become a popular destination for many, especially with younger people, Hollywood actors, and celebrities. The Palms competes for market share with Hard Rock Hotel & Casino, another off-strip resort aimed toward the 21-39 demographic. Both resorts are styled in a modern, neo-retro fashion.

The Fantasy Tower is also home to several of Las Vegas's nightlife venues including Moon Nightclub and the only Playboy Club. The tower holds what is known as the "Sky Villas" and Penthouses, which are some of the most expensive hotel suites in the world. The Hugh Hefner Sky Villa alone is the second most expensive hotel suite in the world at $40,000USD per night.

Contents

History

The Palms opened on November 15, 2001 and was designed by The Jerde Partnership, a Los Angeles based architectural firm.

In 2002, it was the resort where participants of MTV's The Real World: Las Vegas stayed. The level they rebuilt to accommodate MTV is now the "Real World Suite".[1][2][2][3]

In October 2005, the second tower, named the "Fantasy Tower", opened at a cost of $600 million. In keeping with George Maloof's basketball interest (the Maloofs are majority owners of the Sacramento Kings of the NBA), the new tower includes a two-story, 10,000 sq ft (930 m2) suite that includes the only basketball court in a hotel suite. The suite includes a locker room, score board and a multi-screen entertainment system. Some of the other Fantasy rooms include the G suite, the Barbie suite, and the Playboy Villa.

Acts

Pearl Concert Theater

The Pearl Concert Theater is a 3 level concert venue, located within the Palms Resort. Depending on the configuration the venue can seat between 1,000 and 2,500 people.[4]

Performances

Studio at the Palms

The Palms includes a recording studio that has been used by many artists including, but not limited to - Jay-Z, Beyoncé, Lady Gaga, Katy Perry, Carlos Santana, T-Pain, Panic at the Disco, The Killers, Dr. Dre, Eminem, 50 Cent and Wayne Newton.

Palms Place

Maloof announced a third tower called Palms Place, a residential high-rise built on the west end of the Palms property. The design architect was Jerde Partnership Construction and this third and final tower has been completed. Residents were allowed to move in on February 29, 2008. On May 31, 2008 the grand opening night took place that marked the latest addition to the Palms, as Palms Place is a multi-million dollar, 58-story hotel, condominium, and spa tower that provides 599 suites.[5]

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