Caesars Palace Las Vegas has announced plans for a multimillion-dollar renovation that would transform one of its hotel towers into the luxury Nobu Hotel.

Under the deal, the Centurion Tower will be revamped and the 9,500-square-foot Nobu Restaurant and Lounge will open at the site.

The Nobu tower, named after the famous Japanese restaurant brand, will feature 180 guest rooms, 16 suites and a separate check-in for guests.