Clint Jenkins for PALMSįrom the very beginning, when George Maloof and his family built the resort and opened it in 2001, one of the biggest draws at Palms was its large-format rooms. The Kingpin Suite features two bowling lanes, a four-person bunk-bed and a price tag of $15,000 per night. “With everything this property has going for it, I wouldn’t be surprised if the new Palms was even cooler than it was before.” “It’s a big bet, but a calculated one,” says Jon Gray, who started at the Palms as assistant front desk manager in 2005 and now serves as general manager for the entire resort. By the time the spa opens later this year, the ultimate price tag is expected to exceed $1 billion - a number many consider to be the most expensive refresh in Vegas history.

Those owners, brothers Frank and Lorenzo Fertitta, purchased the property for $312.5 million from TPG Capital and Leonard Green & Partners in May 2016 and started renovations the following year. In short, when the new resort brings in performers such as Cardi B, Alicia Keys and Travis Scott to kick off its grand opening weekend on April 4-7, the new owners hope to party like it’s 2001.

Those millions of dolllars in improvements are designed to make the hotel a hit once again, to recapture the glory days of the early 2000s when reality television shows filmed upstairs, celebrities were as common as blackjacks on the casino floor and every visit to Vegas included a stop at the Palms. The Palms Casino Resort, a 1,365-room property on Flamingo Road west of the Las Vegas Strip, soon will debut more than $690 million worth of additions and renovations, including new accommodations, restaurants, bars and nightlife, as well as a multimillion-dollar collection of art. One of the historically hippest hotels in Las Vegas is about to kick off a whole new era of cool.

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