When Apollo Funds acquired The Venetian Resort Las Vegas earlier this year, they made a promise to continue to invest in the iconic all-suite property. In an exclusive interview with Travel + Leisure, the resort’s newly installed CEO Patrick Nichols shared he will be making good on that commitment by “investing north of $1 billion touching every area of the guest experience.”

“We are looking to elevate our experiences resort wide,” Nichols tells T+L. “Arrival experiences will be different. For both The Venetian and The Palazzo, we plan to renovate, remodel, and redesign all of our suites. We will be offering a number of new [food-and-beverage] concepts, we are taking a deep look at entertainment, nightlife, and bar offerings, and the casino floor will feel significantly different as well.”