Caesars is Selling Linq Promenade in Las Vegas

Caesars Entertainment is selling the Linq Promenade, a pedestrian walkway between the 2,252-room Linq Hotel and 3,460-room Flamingo. The buyer is a joint venture between TPG Real Estate and Acadia Realty, and the price is $275 million.

The Promenade opened in 2014 and contains shops, restaurants, and attractions, including the High Roller Observation Wheel. The sale will not affect the Linq hotel-casino or the High Roller, company officials said.

“The sale of the Linq Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals,” said Tom Reeg, CEO of Caesars Entertainment.

Jimmy Kimmel's Comedy Club Featured During IMEX

During the IMEX America conference this month, Caesars hosted an event at Jimmy Kimmel's Comedy Club at Linq Promenade. The two-story, 8,000-square-foot venue can accommodate approximately 450 guests. “Beyond the Bar,” was a discussion that was held in the comedy club about the importance of having sober-inclusive happy hours during events. 

Another popular gathering spot in the Promenade for groups is Brooklyn Ball, a bar, restaurant, 2,000-person live music venue, and bowling alley. Fly Linq, the only zip-line on the Strip that is 12-stories above the Promenade, is a popular teambuilding activity. 

Linq Promenade Connects to Caesars Forum

Directly behind the Promenade and adjacent to the High Roller is the 550,000-square-foot Caesars Forum which features two of the largest pillarless ballrooms in the world.

“We are looking forward to working with our new partners at the Linq Promenade in conjunction with meetings and events held on our campus in Las Vegas,” said Kelly Gleeson Smith, VP of sales at Caesars.