The Palazzo

The Palazzo (also called The Palazzo at The Venetian) is a luxury hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada. The Palazzo is part of a larger complex (operated as one hotel) comprising the adjoining Venetian resort and Venetian Expo, all of which are owned by Vici Properties and operated by Apollo Global Management. The complex ranks as the second largest hotel in the world. The Palazzo was developed by Las Vegas Sands as a sister property to its Venetian resort, opened in 1999. Construction on the Palazzo began in September 2004, and the resort began a phased opening on December 30, 2007. The $1.9 billion property features an Italian theme, and includes a casino, 3,066 suites in a 50-story tower, the Grand Canal Shoppes, and an 1,800-seat performance theater. The resort was designed as a green building by HKS Architects. In 2008, it earned Silver LEED certification from the U.S. Green Building Council, becoming the largest LEED-certified building in the world. It was sold to Apollo Global Management and Vici Properties in 2022. History Background The Palazzo is a sister property to The Venetian, located directly south. Both were developed by businessman Sheldon Adelson through his company Las Vegas Sands. The Venetian opened in 1999, and Adelson planned to begin construction later that year on a second resort, known then as Lido, named after Lido di Venezia. Adelson initially hoped to open the second resort in 2000, but instead delayed the project shortly after the Venetian's debut. The Venetian opened while construction was ongoing, and Adelson sought to wait for its completion before seeking financing for another resort.