Caesars Entertainment has announced plans to expand into Mexico, in the form of the luxury, nongaming Caesars Palace Puerto Los Cabos, slated to break ground in the first half of 2019. The move is part of the company's new international hotel-licensing strategy, and it follows last week's news that Caesars would open two nongaming properties in Dubai.
The beachfront resort will be built in Puerto Los Cabos, a 2,000-acre mixed-use resort community on the Sea of Cortez. The area already is home to a 299-room JW Marriott, the 500-room Secrets and the 70-room Hotel El Ganzo, while the 115-room Zadún, a Ritz-Carlton Reserve, will open late this year.
The $200 million Caesars Palace, to be developed by Mexico's Grupos Questro and managed by Caesars, will have 500 guest rooms, a 40,000-square-foot convention center, a 25,000-square-foot spa and three restaurants, as well as an entertainment venue, pools, cabanas, a fitness center, tennis courts and golf-course access.
"Bringing Caesars Palace to Puerto Los Cabos will represent further progress on our strategy to expand the company's nongaming 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."