Caesars Renovate Reno Resort for $47 Million

Caesars Entertainment Inc. is upgrading its downtown Reno resort property, the Silver Legacy for $47 million.

The company shared detailed information about the renovation process which will include new furnishings of three-quarter of the resort’s total of 1,600 rooms from fifth to twenty-fifth floor. In addition, there will be some updated window treatments and drapery, bathroom modifications, replacement of carpeting and flooring, as well as of art and decor pieces.

The renovated rooms will be 1,199 total. The whole process will end in June.

Even Bigger Renovation Process

This project is part of a more extended renovation process to The Row, which is a collection of downtown Reno properties, including Silver Legacy, Circus Reno and Eldorado, all of which owned by the Caesars.

That renovation was completed in the middle of 2019 and costed $100 million. At that time, the company was known as Eldorado Resorts.

Silver Legacy Regional President and General Manager Glenn Carano stated that the company aims to provide a memorable experience for its customers that includes maybe the most important element for a good trip, that is the accommodation.

He added: “This significant investment in our room product will help further ensure guests receive the most comfortable, enjoyable and elevated experiences during their stay at The Row Reno.”

The room renovation project was given to a collaboration between two companies: Reno-based MBA Architecture and Design and a St. Louis-based architect, KdG.

The expensive and extended master renovation, that costed Caesars $100 million included an addition of a Top Golf Swing Suite and The Spa at Silver Legacy, redesigned hotel rooms at all three Reno resorts, improvements to the carnival midway at Circus Circus Reno and the addition of new dining options.

The famous Las Vegas brand is expecting to receive a significant amount of money from the Eastern Band of Cherokee Indians (EBCI), which expressed their interest in Caesars property in Southern Indiana last year.

As part of their project for economic diversification, the Cherokees offered $250 million. As part of the deal, Caesars agree to collaboration only with the Tribe. News first broke at the end of 2020. Even though there have been some internal disagreements for the state of the deal, it seems that this won’t stop the upcoming purchase.

The Southern Indiana property went through a major renovation process, worth of $90 million for, which the deal with Eastern Band of Cherokee Indians (EBCI) will surely compensate.

The Southern Indiana property is the second property in the state that the casino giant agrees to sell. Last October, the Caesars entered an agreement with Bally’s Corporation to sell Tropicana Evansville. The deal will close in the middle of 2021.

Source: “Caesars spending $47M to upgrade Reno resort”, Las Vegas Review, January 13, 2021