Caesars Entertainment Corp. announced plans Wednesday to bring a non-gaming $200 million Caesars Palace resort to beach-front property along the coast of Puerto Los Cabos, Mexico.
The development will be built by Grupo Questro, a Mexican developer and Caesars will manage the property and receive a licensing and management fee. The hotel licensing strategy is part of Caesars’ plan to expand its brands into new global markets.
“Bringing Caesars Palace to Puerto Los Cabos will represent further progress on our strategy to expand the company’s non-gaming businesses into premiere resort and gateway destinations,” Caesars Entertainment CEO Mark Frissora said in a statement. “This resort will represent our first investment in Mexico, and it speaks to the global strength of the Caesars brand. We are looking forward to working with Grupo Questro to create a 5-Star destination that reflects the best of Caesars offerings in the hospitality, dining and entertainment spaces.”
The non-gaming luxury beachfront hotel will feature 500 rooms and suites, a 40,000-square foot convention center, a 25,000-square foot full service spa, three fine dining restaurants, an array of amenities including an entertainment venue, pools, cabanas, fitness center, tennis courts and access to the two signature golf courses. The beach-front property will be situated in the Puerto Los Cabos Tourist Corridor and the San Jose del Cabo resort city on the southern tip of the Baja California peninsula.
In a statement, Caesars said Puerto Los Cabos is a prime market for the introduction to the expansion of the Caesars brand in North America. The number of airline passengers into the market has risen 40 percent since 2015 with the majority coming from the United States and Canada followed by Mexico.
The announcement of the Puerto Los Cabos project follows last week’s announcement that Caesars Entertainment will manage two luxury hotels and a beach club at Meraas’ Dubai-based Bluewaters Island development. In late 2018, Bluewaters Island is expected to become home to Caesars Palace Bluewaters Dubai and Caesars Bluewaters Dubai — both of which will represent Caesars Entertainment’s first non-gaming resorts.
