Caesars Entertainment has announced that it will operate a $200m beachfront hotel in Puerto Los Cabos, Mexico.
The non-gaming property will feature 500 rooms and suites, a 40,000 sq ft convention centre, a spa, three fine-dining restaurants, and sports and entertainment amenities.
“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 Mark Frissora, president and CEO of Caesars Entertainment “This resort will represent our first investment in Mexico, and it speaks to the global strength of the Caesars brand.”
Mexican developer Grupo Questro will break ground on the project in the first half of 2019, while Caesars will receive a licensing and management fee.
The deal with Grupo Questro comes on the heals of a similar agreement in April which will see Caesars manage two luxury, non-gaming hotels and a beach club in Dubai.