The Rio Hotel & Casino Las Vegas, previously known as the Rio All-Suite Hotel & Casino, is currently undergoing a $340 million renovation. The property, located off the Las Vegas Strip, is now operated by Hyatt Hotels Corporation instead of Caesars Entertainment. World of Hyatt rewards members can now earn and redeem loyalty points by staying at the Rio Las Vegas. The renovation is being done in two phases, with the first phase expected to be completed and open to guests this fall.