Both were developed by businessman Sheldon Adelson through his company Las Vegas Sands. The Palazzo is a sister property to The Venetian, located directly south. It was sold to Apollo Global Management and Vici Properties in 2022. Green Building Council, becoming the largest LEED-certified building in the world. In 2008, it earned Silver LEED certification from the U.S. The resort was designed as a green building by HKS Architects. The $1.9 billion property features an Italian theme, and includes a 105,000 sq ft (9,800 m 2) casino, 3,066 suites in a 50-story tower, the 875,000 sq ft (81,300 m 2) Grand Canal Shoppes, and an 1,800-seat performance theater. Construction on the Palazzo began in September 2004, and the resort began a phased opening on December 30, 2007. The Palazzo was developed by Las Vegas Sands as a sister property to its Venetian resort, opened in 1999. The complex ranks as the second largest hotel in the world. 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 Palazzo / p ə ˈ l ɑː t s oʊ/ (also called The Palazzo at The Venetian ) is a luxury hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada.
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