A partnership between two luxury properties on the Las Vegas Strip and one of the largest international hotel brands will conclude at the end of the year.
The Venetian casino-hotel and the Palazzo hotel’s affiliation with InterContinential Hotels Group will end on Jan. 1, 2025, the latter’s executive group said during an earnings call Tuesday. The two sides had originally entered into a 10-year agreement in 2010 that was later amended to a 15-year deal.
The partnership allowed IHG rewards members to take advantage of certain perks or use their points to stay at The Venetian or Palazzo…
Elie Maalouf, chief executive officer of IHG, noted that the “ending of that agreement will have no effect” on the company’s profit and loss figures.
