The Rio’s landlords announced it is partnering with four architectural and design firms — including some behind some of Las Vegas’ most iconic properties — to fully renovate the property after they take over operations by the end of the year.

Dreamscape Cos. said Wednesday it plans a “multi-year redevelopment” of the resort, first opened in 1990. The renovations include a full refresh of the 2,500 guest rooms, 150,000 square-foot casino floor, 220,000 square-foot meeting and convention space and the remaining five acres of pool and other resort amenities, according to a Wednesday news release.

“The Rio has been an iconic property in Las Vegas for over two decades and we are thrilled to be working with such a talented and experienced team to bring our vision for the property to life,” Dreamscape founder Eric Birnbaum said in the release.