Caesars sells 4 properties to … itself

Caesars Entertainment is selling Bally’s Las Vegas, The Quad, The Cromwell and Harrah’s New Orleans to Caesars Growth Partners. Caesars Growth Partners is a joint venture of Caesars Entertainment and Caesars Acquisition Company and is managed by Caesars Acquisition Company. The resorts will still be run by Caesars Entertainment and will still be part of the Total Rewards program so guest probably won’t notice a difference.

What guest will notice is the $223 million renovation plan Caesars Acquisition Company has announced for The Quad which includes a long-awaited complete remodeling of the guest rooms and public spaces. The work appears to be extensive since The Quad will close 3 of its towers for the remodeling instead of trying to keep some floors open while working on others.

You can read the full press release here.

2 thoughts on “Caesars sells 4 properties to … itself”

  1. Mark,
    I think it is nuts to dump so much money in to the Quad,it will never life down its bad rep.(Imperial Place).I can not belive these people,they added on the RESORT FEE plus they raised there room rates.We use to stay at the Harrah’s but not any more.Mirage is our place of choice.$42.00 a night even with the RESORT FEE can not be beat + its a great place.

    1. I think it might have been better to implode the Imperial Palace and start from scratch, but if they do a good job with the room remodel, I could see it doing well. Enough Las Vegas visitors won’t know the history and will simply see a hotel with a cheap rate and a good location on the Strip and book it (just like many people did with the IP).
      I’ve stayed in most of the room types at the IP over the years. The suites had good floor plans. I loved the jacuzzi and balcony of the penthouse. The luv-tub room was interesting. They were worn down, though, and really needed the attention of an interior designer from this century. I do plan on checking it out once the remodeling is complete.

      As for the Mirage. I would take the Mirage over The Quad any day, but you are not going to find it at $42 a night very often.

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