The Rio Hotel & Casino is renovating 1,427 guestrooms and suites in the Ipanema Tower.

Part of a larger vision to revitalize the property, new owner Dreamscape Cos. said the work is underway and expected to be completed in the first quarter of 2024. It will remain open throughout the project, with Dreamscape set to officially take over and manage operations from Caesars Entertainment this fall.

Standard 600-square-foot guestrooms will receive new furnishings and fittings, a tub-to-shower conversion and separate living and sleeping zones. All rooms will have a sectional sofa with a queen-size pull-out bed.

“We are absolutely thrilled to partner with Marnell Architecture Planning & Design to breathe new life into this iconic Las Vegas property,” Dreamscape founder Eric Birnbaum said. “The new room design blends elements of fun and whimsy with an unmistakable touch of luxury.”

Marnell Cos. was the original owner, operator and developer of the Rio when it opened in 1990. Contemporary apartments near Ipanema Beach in Rio de Janeiro inspired the Ipanema Tower guestroom designs.

Dreamscape’s multiyear renovation includes the rest of Rio’s 2,500 guestrooms, the 150,000-square-foot casino, the 220,000-square-foot meetings and conventions space and the five-acre pool area.

No disappearing act for Penn & Teller

One longtime element of the Rio that’s not changing soon is Penn & Teller’s presence. The legendary magic and comedy duo, who have performed at the Rio for more than 22 years, will continue through at least the end of 2026.

Celebrating 48 years of professional partnership, Penn & Teller recently returned from a sold-out tour of the U.K. In early August, they will shoot the 10th season of their TV series “Penn & Teller: Fool Us!” at the Rio.

They perform at 9 p.m. Tuesdays through Saturdays. Tickets start at $60 (plus tax and fees).

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