Property's owner to construct all-suite tower

LAS VEGAS -- Officials of Park Place Entertainment Corp., which owns and operates Caesars Palace here, announced plans to build a 29-story, all-suite hotel tower at the property, which is located at the heart of the Strip.

The tower, which is projected to cost between $450 million and $475 million, will offer 900 suites and minisuites, bringing the property's room count to 3,350.

The project will entail 50,000 square feet of retail space and 70,000 square feet of meetings space as well as new restau- rants and a spa.

Construction is slated to be completed in 2004.

The hotel tower is the latest element of Park Place Entertainment's master plan for the property.

Other additions to the property include a high-limit gaming salon, expected to open by year's end, and two poolside villa suites, which are to open this summer.

The villa suites, which cost $24 million to build, were designed to accommodate premium casino customers. One offers 11,000 square feet of living space; the other has 10,000 square feet.

Their location above Cafe Lago affords views of the gardens and pools in the resort's Garden of the Gods.

Last year, Caesars added facades to three of its original hotel towers; a 49,000-square-foot interim event/ exhibit pavilion, and new design elements in the casino. The property also redesigned 600 guest rooms.

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