Rio All-Suite Hotel & Casino Review: Budget-Friendly Option

The Rio All-Suite Hotel & Casino has long been Las Vegas’s answer to travelers who want more square footage without the Strip price tag. Now, after a $340 million renovation and a rebranding under Destination by Hyatt, the off-Strip property is repositioning itself as a budget-conscious alternative that still delivers on space, pools, and gaming. This review examines the Rio’s current state, its recent ownership changes, and what guests can expect in 2026.

Last checked: 2026-06-26

Hotel name: Rio All-Suite Hotel & Casino · Location: One block off the Las Vegas Strip on Flamingo Road · Room type: All-suite (minimum 500 sq ft) · Casino floor: Over 100,000 sq ft of slots and table games · Pool & recreation: 15-acre pool complex with Wildlife Habitat · Ownership status: Under new ownership and leadership

What happened to the Rio Casino?

The Rio Las Vegas has undergone a dramatic transformation in recent years. After decades under Caesars Entertainment, the property was acquired by Dreamscape Companies LLC, which launched a comprehensive renovation in 2023 (Rio Las Vegas About). The Ipanema Tower room remodel was one of the first major milestones, with work actively underway by mid-2023 and completion targeted for the first quarter of 2024 (No Vacancy News).

New ownership and leadership

Dreamscape Companies LLC now owns and operates the Rio, marking a shift away from Caesars Entertainment. The property officially joined Hyatt’s Destination by Hyatt brand in November 2024 after completing its $340 million transformation. This gives guests access to World of Hyatt loyalty benefits, making the Rio more attractive to points travelers.

Timeline of ownership changes

• 1990: Rio Hotel & Casino opens on January 15 as an off-Strip all-suite resort (Nevada Business)
• 2023: Dreamscape Companies begins total transformation of the resort
• 2024: Ipanema Tower renovation completes; property joins Destination by Hyatt
• 2025: Rio celebrates 35 years of operation

The bottom line: The Rio is no longer the same property that many visitors remember from the Caesars era. The ownership change and renovation have fundamentally reshaped the guest experience.

How far is Rio All Suites hotel and Casino from the Strip?

The Rio sits one block off the Las Vegas Strip on Flamingo Road, placing it within walking distance of the main Strip corridor. This off-Strip location is the property’s defining trade-off: you get larger rooms and lower rates, but you sacrifice direct Strip frontage.

Walking distance to the Strip

Guests can walk from the Rio to the Strip in approximately 10-15 minutes. The walk takes you across Flamingo Road to the intersection with the Strip, where you’ll find properties like Caesars Palace and the Bellagio. Several independent travel reviews note that the off-Strip location trades direct walkable Strip access for quieter surroundings and often better value on room size and rates (Jackson Jetsetting).

Driving and rideshare options

For those who prefer not to walk, rideshare services are readily available. The drive from the Rio to the center of the Strip takes about 5 minutes. Free self-parking and valet parking at the Rio itself make it convenient for guests with rental cars (Vegas4Locals).

The trade-off: You save on room rates and parking fees, but you’ll need to budget for transportation if you plan to spend most of your time on the Strip.

Is Rio Hotel all inclusive?

The Rio is not an all-inclusive resort in the traditional sense, but it does offer an All-Inclusive Summer Package. As of the latest published offers, the package is available at $150 per night for a 2-night stay and includes a $200 resort credit that can be used at the Ipanema Pool or for dining.

All-Inclusive Summer Package details

The package is designed for travelers who want to bundle their stay with on-site spending. The $200 resort credit provides flexibility, allowing guests to choose between poolside service, restaurant meals, or other property amenities. This is not a true all-inclusive model covering all meals and drinks, but rather a value-add promotion that reduces the effective nightly rate.

What the package includes

• $150 per night rate (2-night minimum stay)
• $200 resort credit per stay
• Credit usable at Ipanema Pool or for dining

The catch: The package is seasonal and subject to availability. Outside of this promotion, the Rio operates on a standard pay-as-you-go model for food, drinks, and activities.

Why is the Rio hotel so cheap?

The Rio’s lower room rates compared to Strip properties stem primarily from its off-Strip location. Being one block off the Strip means the property doesn’t command the same premium as resorts with direct Strip frontage. Additionally, the ownership transition under Dreamscape Companies has involved a period of repositioning, during which rates have remained competitive to attract guests during the renovation phase.

Off-Strip location pricing

Hotels on the Strip pay a premium for their location, and that cost is passed on to guests. The Rio’s Flamingo Road address allows it to offer rates that are often 30–50% lower than comparable Strip properties. For budget-conscious travelers, this price difference can be substantial, especially when combined with free parking.

Ownership transition impact

The change from Caesars Entertainment to Dreamscape Companies created a period of uncertainty that likely depressed rates. As the renovation progresses and the Destination by Hyatt branding gains traction, prices may rise. However, the property’s fundamental positioning as a value-oriented all-suite resort is likely to persist.

What this means: The Rio’s low prices are a deliberate strategy to fill rooms during a transition period. Travelers who book now may lock in rates that could increase as the property stabilizes under new ownership.