Rio Las Vegas, a 2,510 room off-strip property, will become affiliated with Hyatt after extensive renovations.
The main tower of 1,501 rooms will become a Hyatt Regency, and other Hyatt’s full-service brands are used for associated buildings.
You can access Hyatt here.
Here’s the announcement from the Hyatt:
Hyatt Flags to Fly in Las Vegas
Following a multi-phase renovation led by Dreamscape Companies, the Rio Las Vegas will be repositioned to multiple Hyatt full-service offerings, starting with a Hyatt Regency hotel
CHICAGO (March 18, 2021) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into franchise agreements with an affiliate of Dreamscape Companies LLC, which will lead the renovation of the Rio Las Vegas. The multi-phase project is expected to bring multiple Hyatt full-service offerings to Las Vegas, one of the most visited leisure, group, and convention markets in the world, in the renovated Rio hotel.
“We are thrilled that Dreamscape will help us bring multiple Hyatt full-service brands to Las Vegas, starting with a Hyatt Regency hotel, which we believe will deliver on the Hyatt Regency brand promise of creating meaningful connections in modern spaces designed for sharing, socializing, and collaborating,” said Kimo Bertram, Hyatt’s vice president of real estate and development. “We know Las Vegas is an important destination for our guests, World of Hyatt members, and customers, and this project is a significant step for Hyatt as we continue to grow our brands in markets that matter most to our loyal travelers.”
The more than 2,510-room Rio Las Vegas will be renovated and rebranded into multiple Hyatt full-service brand flags, and will undergo a redevelopment of the current public spaces, including gaming, retail, food and beverage, spa and fitness, and pool recreation deck. In addition, the Rio Las Vegas will undergo a renovation of one of the hotel’s existing towers, and upon completion, the tower is expected to become a 1,501-room Hyatt Regency hotel with standard guestrooms averaging 580 square feet. The remainder of the Rio’s guestrooms are expected to be branded or affiliated with one or more other Hyatt full-service brands after they are renovated. Beyond redefining the hotel experience for business travelers and leisure guests, the Hyatt Regency hotel and other Hyatt-affiliated hotels will welcome meetings and event business with more than 220,000 square feet of function space and state-of-the-art meeting facilities.
“At Dreamscape, our goal is to acquire assets that drive long-term financial and cultural value, and we are very excited to team up with Hyatt on this project,” said Eric Birnbaum, Dreamscape’s founder and CEO. “The Rio Las Vegas is the perfect space to create the ultimate multipurpose venue in Las Vegas, and we are thrilled to work with the Hyatt team to revitalize the property.”
The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
Rio Las Vegas is an off-strip property that has been an issue in the past.
Las Vegas has been severely hurt due to the pandemic and lack of convention business expected to take several years to recover.
I have been to the Rio years ago and had few drinks what must have been a “moon” bar at the top with a nice view of the city in the early morning hours.
This hotel is a giant with 2,500 rooms. The Hyatt Regency will take 1,500 rooms, and let’s see what other Hyatt’s brands are used for the rest of the thousand or so rooms.