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The Palms Hotel and Casino has long been known as one of Las Vegas' "hippest" places to hang out, featuring the Ghostbar and Rain Las Vegas, where celebrities are often seen. Adjacent to the hotel towers, a 40-story, 520-foot condominium hotel and spa is here named Palms Place that features 599 condominiums. Celebrities, major recording artists, prominent sports figures, actors and Palms high rollers are among a few of the owners here.
Palms Place is connected to the Palms Hotel and Casino by an enclosed, elevated, moving walkway, allowing residents 24-hour access to amenities at the Palms. The new hotel tower, the Fantasy Tower, features a Playboy Club and Penthouse with its own private rooftop pool. The Palms is also the first-ever hotel casino to house a recording studio. This 8,000 square foot studio offers state-of-the-art equipment and will permit artists to record from private units in their Las Vegas condo hotel suites. In addition, the Palms Place has already completed their new concert venue featuring the hottest bands and UFC Fight Nights.
“Palms Place is the premier condominium hotel complete with a world-class spa, VIP concierge service and all the action of the Palms lifestyle,” Maloof said. “The building will be spectacular and will boast wide ranging views of the Strip and Spring Mountains.”
The Jerde Partnership, based in Los Angeles, Calif., is the architect for Palms Place and the new hotel tower. Jerde is known worldwide for its architecture, urban planning and landscape design.
Only one tower has been built at Palms Place, creating a more exclusive environment, according to Maloof. Palms Place will feature a private, gated entryway, a 50,000-square-foot pool and spa, valet parking and more. “Since we opened the Palms in 2001, we have developed one of the strongest brands in the gaming industry. Our property is known worldwide.” Maloof said. “Our marketing strategy at the Palms has resulted in extraordinary financial success. We want to continue that success and make the Palms an all encompassing one stop resort destination for our guests.”
Palms Place will offer fully furnished contemporary condominiums ranging from 600 to 7,000 square feet. Prices range from the high $500,000s to $7 million.
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