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Caesars Palace Las Vegas and Nobu Hospitality have signed a non-binding letter of intent to develop the world’s first Nobu Hotel, which will integrate an exclusive hotel tower with the first Nobu restaurant and lounge on the Las Vegas Strip. “We will bring the DNA of the Nobu brand to life in this venture through the vision of [Chef] Nobu Matsuhisa with his fellow long-time partners and friends Robert De Niro and Meir Teper,” said Trevor Horwell, CEO of Nobu Hospitality.

Under the plan, the interior of the Centurion Tower at Caesars Palace will undergo a multimillion-dollar renovation to create the Nobu Hotel within the resort. The 180-room Nobu Hotel will feature 16 suites and a penthouse with an interior design that feature natural materials. The new hotel will also offer private check-in and room service from Nobu’s culinary team.
The centerpiece of the renovation will be the Nobu Restaurant and Lounge. The restaurant and lounge will span 9,500 square feet at the base of the Nobu tower, near the existing Appian Way at Caesars Palace.

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The completion of this transaction is subject to a number of conditions, including, without limitation, the negotiation of definitive documentation and the approval of this transaction by the board of directors of Caesars Entertainment Corporation and the shareholders of Nobu Hospitality. For more information, call 800-223-7277 or visit www.caesars.com.