The Palms Hotel is one of the most iconic and luxurious hotels in the world, known for its world-class amenities and celebrity clientele.

If you’re wondering who owns the Palms Hotel, you’ve come to the right place. In this article, we’ll give you a definitive answer to this question, as well as provide you with some interesting facts about the hotel and its history.

Here’s what you can expect to learn from this article:

The History of the Palms Hotel

Located in the heart of Las Vegas, the Palms Hotel has been a popular destination for tourists and locals alike for many years. Let’s take a look at the history of this iconic hotel.

The Early Years

The Palms Hotel was first established in 2001 by the Maloof family, who also own the Sacramento Kings NBA team. At the time, it was a small property with just 455 rooms and a casino. However, it quickly gained popularity due to its unique design and upscale amenities.

Over the years, the Palms Hotel has undergone several renovations and expansions. In 2005, a 19-story tower was added, bringing the total number of rooms to 702. The hotel also added several new restaurants, including the popular N9NE Steakhouse.

In 2016, the Maloof family sold the Palms Hotel to Station Casinos, a gaming company based in Las Vegas. The new owners immediately began a $620 million renovation project, which included a complete overhaul of the hotel’s rooms, restaurants, and casino floor. The renovation was completed in 2019, just in time for the Palms Hotel’s 18th anniversary.

The Palms Today

Today, the Palms Hotel is a luxurious resort with over 1,200 rooms, a 95,000-square-foot casino, and numerous restaurants and bars. It is also home to some of the most expensive and exclusive suites in Las Vegas, including the two-story Sky Villa, which costs a whopping $100,000 per night.

The Palms Hotel is also known for its impressive art collection, which includes works by Damien Hirst, Andy Warhol, and Jean-Michel Basquiat. The hotel’s Pearl Concert Theater has hosted numerous high-profile music acts over the years, including Lady Gaga, Katy Perry, and Jay-Z.

If you’re planning a trip to Las Vegas, the Palms Hotel is definitely worth checking out. Keep in mind that room rates can be quite expensive, especially during peak travel seasons. However, if you’re looking for a luxurious and unique experience, the Palms Hotel is definitely worth the splurge.

Who Currently Owns the Palms Hotel?

Currently, the Palms Hotel is owned by Red Rock Resorts, Inc. Red Rock Resorts is a publicly-traded holding company that owns a variety of gaming, hospitality, and entertainment assets. The company is the parent organization for Station Casinos, which is the entity that originally acquired the Palms in 2016.

Station Casinos is a Las Vegas-based gaming and hospitality company that operates a number of casino resorts in the Las Vegas valley. It was founded in 1976 by Frank Fertitta Jr. and his brother, and was acquired by Red Rock Resorts in 2016.

Interestingly, Red Rock Resorts is a partner in the T-Mobile Arena, which is located on the Las Vegas Strip. The arena is a joint venture between AEG and MGM Resorts International, and Red Rock Resorts is a minority owner.

It is worth mentioning that the Palms has a long and interesting history, having been sold and resold several times over the years. Originally opened in 2001, the property has been owned by a number of different companies, including the Maloof family, who sold it to Station Casinos for $312.5 million in 2016.

Famous Guests of the Palms Hotel

The Palms Hotel has been known to attract a wide range of famous guests over the years. Celebrities such as Justin Bieber, Beyoncé, and Lady Gaga have all stayed at the hotel. Athletes like LeBron James, Floyd Mayweather Jr., and Cristiano Ronaldo have also been spotted at the Palms Hotel. Additionally, politicians such as Barack Obama and Hillary Clinton have stayed at the hotel during their visits to Las Vegas.

The Palms Hotel has become a popular destination for famous guests due to its luxurious accommodations and amenities. The hotel offers a variety of suites, including the Hardwood Suite which features a private basketball court and the Empathy Suite which boasts a private cantilevered pool. The hotel also features a 95,000-square-foot casino, multiple restaurants, and a state-of-the-art nightclub.

Unfortunately, it is not always easy to catch a glimpse of these famous guests during their stays at the Palms Hotel as they value their privacy. However, it is worth mentioning that the hotel has a strict policy regarding paparazzi and unauthorized photography on the property to ensure the privacy and security of its guests.

On the other hand, the Palms Hotel has also been known to attract controversy due to some of its past guests. In 2007, NBA player Charles Oakley was arrested at the hotel after being accused of cheating at a blackjack table. In 2009, NFL player Adam “Pacman” Jones was involved in a physical altercation at the hotel’s nightclub.

Keep in mind that the Palms Hotel is currently owned by Station Casinos LLC, a gaming and hospitality company based in Las Vegas. Station Casinos LLC also owns other popular hotel chains in the area, including Red Rock Resort and Green Valley Ranch Resort.

If you’re interested in learning more about the Palms Hotel and its famous guests, be sure to check out the hotel’s official website at .

The Palms Hotel’s World-Class Amenities

The Palms Hotel is a lavish resort located in Las Vegas, Nevada. It is a popular destination for tourists and locals alike, offering a wide range of world-class amenities that cater to every guest’s needs.

It is worth mentioning that the Palms Hotel offers a diverse range of restaurants and bars, each with its unique ambiance and cuisine. Guests can indulge in mouth-watering dishes at the Michelin-starred restaurant, Alizé, or enjoy a casual dining experience at the popular café, Lucky Penny. The Palms Hotel also features a variety of bars, including the vibrant social club, Apex, and the elegant cocktail lounge, Unknown.

On the other hand, if you’re looking for a night of entertainment, the Palms Hotel has got you covered. It boasts several nightlife venues, including the famous nightclub, KAOS, which features world-renowned DJs and performers.

For those who want to relax and rejuvenate, the Palms Hotel’s spa and fitness center is the perfect place to unwind. The spa offers a range of treatments, including massages, facials, and body wraps. Guests can also take advantage of the fitness center, which features state-of-the-art equipment and personalized training programs.

Lastly, the Palms Hotel’s pools and cabanas offer a luxurious outdoor experience. The resort features several pools, including the breathtaking Sky Pool, which offers stunning views of the Las Vegas skyline. Guests can also rent private cabanas, which come equipped with lounge chairs, flat-screen TVs, and even a personal butler service.

Keep in mind that the Palms Hotel’s amenities are constantly evolving to meet the needs of its guests. Unfortunately, due to the COVID-19 pandemic, some amenities may be limited or temporarily closed. However, the Palms Hotel remains committed to providing its guests with a safe and unforgettable experience.

Remember, the Palms Hotel is more than just a place to stay; it is a destination that offers world-class amenities and unforgettable experiences.

The Future of the Palms Hotel

The Palms Hotel, located in the heart of Las Vegas, has been a popular destination for tourists and locals alike. With recent renovations and upcoming developments, the future of the Palms Hotel looks promising.

Recent Renovations

It is worth mentioning that the Palms Hotel recently underwent a $690 million renovation. The renovation included upgrades to the hotel’s guest rooms, casino, restaurants, and entertainment venues. The hotel’s rooms now feature modern amenities, such as high-speed Wi-Fi and smart TVs. The Palms Casino now boasts a state-of-the-art gaming floor, with over 1,100 slot machines and 80 table games. In addition, the hotel’s restaurants have been revamped, offering guests a variety of dining options.

The renovation also included the addition of new entertainment venues, such as the Pearl Theater and the Apex Social Club. The Pearl Theater is a concert venue that can accommodate up to 2,500 guests, while the Apex Social Club is a rooftop bar with stunning views of the Las Vegas skyline.

Upcoming Developments

Keep in mind that the Palms Hotel has several upcoming developments in the works. The hotel is currently in the process of building a new, luxury hotel tower. The tower will feature over 500 rooms, as well as a sky deck with a swimming pool and bar. In addition, the Palms Hotel is planning to open a new day club and nightclub.

Unfortunately, due to the COVID-19 pandemic, the opening dates for these developments have been pushed back. However, once completed, these new additions are sure to attract even more visitors to the Palms Hotel.

On the other hand, it is worth noting that the Palms Hotel is not the only luxury hotel in Las Vegas. Popular hotel chains, such as the Bellagio and the Wynn, also offer guests high-end accommodations and entertainment options. However, with its recent renovations and upcoming developments, the Palms Hotel is sure to remain a top destination in Las Vegas for years to come.

As seen in the table above, the Palms Hotel may not have as many rooms or dining options as the Bellagio or the Wynn, but it still offers guests a luxurious experience.

Remember, the Palms Hotel is constantly evolving and improving. With its recent renovations and upcoming developments, it is sure to remain a top destination in Las Vegas.

Conclusion

In conclusion, the Palms Hotel is one of the most luxurious and iconic hotels in the world, with a rich history and a celebrity clientele. While the ownership of the hotel has changed hands over the years, it is currently owned by Red Rock Resorts and Station Casinos, and continues to be a popular destination for tourists and celebrities alike.

Whether you’re looking to stay at the hotel, dine at one of its world-class restaurants, or simply learn more about its fascinating history, the Palms Hotel is definitely worth checking out.