So, picture this: it’s 2011, and I’m glued to my TV, watching Adrienne Maloof drape herself in designer silks while discussing the family’s “business decisions” on The Real Housewives of Beverly Hills. She casually mentions The Palms Casino Resort like it’s a weekend bag she forgot to unpack. Fast forward a decade—and now I’m Googling, “Does Adrienne still own The Palms?” because my brain’s filing cabinet is dusty. Spoiler alert: no, she does not, but the story of how she lost it is juicier than a Bravo reunion.
The Glittering Era: When Adrienne Was the Queen of the Strip
Back in the 2000s, Adrienne and her then-husband, Dr. Paul Nassif, were part-owners of The Palms through the Maloof family’s holding company. It was the height of Vegas cool—think Playboy-themed suites, a Thomas & Mack Center event, and a vibe that screamed “we’re rich and we know it.” You could almost hear the slot machines purr when she walked in. (Side note: did you ever watch that season where she argued about the hotel’s “problems”? I still cringe at the dinner table drama.)
But here’s the kicker: by 2016, the Maloofs quietly sold their controlling stake in The Palms to commercial real estate giant Red Rock Resorts for about $312.5 million. That’s right—she let go of the crown jewel. Why? Because the Vegas market was shifting, and the family wanted to cash out before the party ended. “It was a business decision,” she once shrugged, but you know that hurt her ego more than a bad spray tan.
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The Great Heist of Ownership: What Actually Happened?
Let’s break it down, because the timeline is like a soap opera with spreadsheets. The Maloofs sold their remaining shares in 2016, so Adrienne hasn’t owned even a sliver since then. The Palms was later bought by the San Manuel Band of Mission Indians in 2021 for $650 million. (Yes, they paid double—inflation is a beast, people.) So, no, she isn’t sipping comped champagne in the Sky Villa anymore. She’s out.
But wait—did she even want to keep it? Ironic twist: during her Housewives days, she often complained about “working 24/7” on the hotel. One episode showed her stressing over a broken elevator while wearing heels that cost more than my rent. You almost feel bad for her. Almost. (Did you catch the scene where she fired a staff member mid-pedicure? I haven’t forgotten that.)
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What’s in Her Wallet Now?
So, if Adrienne doesn’t own The Palms, what does she own? A whole lot of other stuff, my friend. She’s still got a stake in the Maloof Companies, which manages real estate, NBA team stakes (she used to co-own the Sacramento Kings), and a tequila brand that I’m pretty sure she named “Adrienne’s” just for the flex. She’s also dabbled in skincare and a podcast—because 2023 requires a podcast, obviously.
The funny part? The Palms has thrived under its new ownership, with flashy renovations and a younger crowd. Meanwhile, Adrienne posts Instagram stories of her luxury trips to Italy, looking as groomed as ever. It’s like a breakup where both parties are happier. Good for her. (But let’s be honest: we miss the drama of her yelling about room charges on Bravo.)
Maloofs’ stake in Palms at 2 percent | Casinos & Gaming | Business
The Bottom Line: A Ghost in the Machine
So, does Adrienne Maloof still own The Palms? No. Nada. Zilch. The last time she held a key card was in 2016, and now she’s just a nostalgic memory in the hotel’s lobby. Her name might still come up when people Google “Vegas royalty,” but the actual ownership is as dead as the 2000s trend of flip phones. Sorry, Adrienne.
What’s wild is how perception sticks. Fans still assume she’s “the Palms lady” because of that one season on TV. Reality check: she’s now the “tequila lady” with a side of real estate. And honestly? I’m okay with that. The Palms is now a tribe-owned gem, and she’s thriving in her own lane. Everyone wins. Except for the Bravo execs who lost a great story line.
If you’re ever in Vegas and see a woman in huge sunglasses ordering a $50 martini at The Palms, don’t assume it’s her. It might be me, trying to channel my inner millionaire. But now you know the truth: Adrienne Maloof is a former owner, a current boss, and a legend who taught us that holding onto glamour isn’t the same as holding onto a hotel. Class dismissed.