Apollo Global Management has acted swiftly in leaving their mark on the Venetian and Palazzo resorts on the Las Vegas Strip. A mere four months after purchasing the legendary establishments, they’ve designated Patrick Nichols as the incoming Chief Executive Officer. Nichols is a well-known figure in the Vegas landscape, having held the position of general manager at the Cosmopolitan, another gem on the Strip. He has large shoes to fill, succeeding George Markantonis, who has steered the Venetian for the past seven years. Markantonis isn’t disappearing entirely, however, he’ll remain to guarantee a seamless handover before transitioning to a special advisory role for Apollo.
Apollo clearly views Nichols as the individual to guide the Venetian and Palazzo into a fresh chapter. With his remarkable history in the hospitality sector, they are counting on him to expand upon the solid groundwork established by Markantonis. Nichols himself appears enthusiastic to commence, commending the skilled staff at the Venetian and conveying excitement for what lies ahead.
This selection is the most recent development in the tale of the Venetian and Palazzo, which were purchased for a substantial $6.25 billion. It will be intriguing to observe what transformations await under Nichols’ direction.
The Palazzo and Venetian hotel complex in Sin City is gigantic! It features an astounding 7,100 guest accommodations, a 22,500 square-foot gaming area, and a staggering 230,000 square feet of conference space – easy to get turned around in!
