Harrah’s Entertainment announced in January that it will not finish the room component of the $1 billion expansion at Caesars Palace that will give the property its sixth tower.

The Octavious Tower was scheduled to have 660 hotel rooms when it opened this summer, but the rooms now will not be completed “until a period of stronger demand,” the company said.

Construction on the exterior will continue, and the expanded pool area and 100,000 square feet of new convention space will be completed as scheduled. Advanced bookings made it feasible to continue work on the convention space, but softening demand for rooms and an increase in room inventory ultimately led to the decision to delay the introduction of the new room product.

The exterior of the tower will be finished, and from outside it will be impossible to tell that the rooms are not ready. It is expected that as soon as the recovery begins, Harrah’s will be able to complete the rooms in only a few months.

By Casino Connection Staff