Caesars Entertainment announces development of Caesars Palace Luxury Resort in Puerto Los Cabos, Baja, Mexico
Caesars Entertainment Corporation has announced plans to bring a non-gaming Caesars Palace resort to beach-front property along the coast of Puerto Los Cabos, Mexico. The hotel licensing strategy is part of Caesars’ plan to expand its brands into new global markets.
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 centres and residential complexes.
Mark Frissora, Caesars Entertainment President and Chief Executive Officer, said: “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.”
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, fitness center and access to the two signature golf courses. The beachfront 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.
Eduardo Sanchez Navarro Rivera Torres, Executive President of Grupo Questro, said: “We are very excited to work with our new partners to help bring the Caesars brand to Puerto Los Cabos.”
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 into the market has risen 40 per cent since 2015, mostly coming from the United States and Canada.
The announcement of the Puerto Los Cabos project follows last week’s announcement that Caesars Entertainment will manage two luxury hotels and a beach club at Meraas’ Dubai-based Bluewaters Island development.