“The Venetian is a prime example of elite and intentional place-making.”
More recently, to celebrate The Venetian’s 25th anniversary in May 2024, the operating team announced a $1.5 billion reimagination of the property, of which VICI has committed to fund up to $700 million. The Venetian team discovered several hundred thousand square feet of underutilized space and identified where to spend capital to continue to set the tone for luxury as a Strip market leader. The Venetian convention center underwent a $188 million renovation unveiled in 2024 and continues to host several major conferences annually, such as Amazon Web Services, which brought 60,000 guests to the asset last December. The convention space also houses the walkway to Sphere, which sits behind The Venetian and has drawn people from around the world to witness the technological and artistic spectacles on offer. Suites have also been upgraded, new restaurants and bars are being added – like sustainability- focused Gjelina and elevated fast-casual Via Via – and the gaming floor is continually and dynamically reimagined to dazzle.
The 134,000 square foot Canyon Ranch Spa – the largest day spa in North America – is also receiving a $30 million makeover through the broader redevelopment. The salon is finished, sporting relaxing pinkish-tan hues reminiscent of the surrounding red rock desert nature that is accented with modern finishes. The spa plans to expand the women’s dressing room in response to demand for space to host larger group events, like bachelorette parties, and they are also expanding coed spa space for couples who want to experience the spa together. Canyon Ranch also houses two highly productive food and beverage outlets serving guests with health-focused options for breakfast and lunch. From the importation of Italian materials at the asset’s conception to the development of an ever-evolving vision of best-in-class resort offerings, The Venetian is a prime example of elite and intentional place-making.
TOP: Private cabanas at The Venetian Resort Las Vegas, OPPOSITE: Aerial view of canals at The Venetian Resort Las Vegas
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VICI LAS VEGAS
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