However, in 2016, the Maloof family sold the Palms to Station Casinos, a company that’s owned by the Fertitta family. The Maloof era was an exciting time for the Palms, as they brought in a number of celebrities and hosted a variety of events. The Maloof family owned the Palms for many years and they were known for their hospitality and entertainment. The Palms Tower includes the Ivory Tower, which is the standard tower for hotel guests. The Fantasy Tower includes a number of high-end suites, such as the Hardwood Suite, the Kingpin Suite, and the Sky Villa. The Palms has two towers, the Fantasy Tower and the Palms Tower, both of which are 42 stories tall. The architectural design of the Palms was inspired by the mid-century modern architecture of the 1950s and 1960s. The hotel and casino were designed by the Jerde Partnership and built by Maloof family, who were the previous owners of the property. The development timeline of the Palms was quite impressive, as it took only two years to complete. The Palms Casino Resort is a luxury hotel and casino located near the Las Vegas Strip and was opened in 2001. Back in the day, it was all about the MTV generation partying hard at the Palms.