Nobu, the high-end Japanese restaurant chain created by Nobu Matsuhisa and his partners Robert De Niro and Meir Teper, has signed a non-binding letter of intent to create a hotel tower at Caesars Palace in Las Vegas.

“We will bring the DNA of the Nobu brand to life in this venture,” said Trevor Horwell, chief executive of New York-based Nobu Hospitality. “With a renowned location in Caesars Palace, the luxury Nobu Hotel Las Vegas will be a destination for style-makers and trendsetters, offering an immersive, fun and social experience.”

The property’s existing Centurion Tower will undergo a multi-million dollar renovation to become the Nobu Hotel. When completed, the tower will have 180 rooms, 16 suites and a penthouse. A 9,500-square-foot Nobu restaurant and lounge will be developed at the base of the tower. Customer perks at Nobu Hotel include private check-in and room service from the restaurant’s culinary team.

“Nobu's distinctive brand will bring a new dimension to Caesars Palace and will be designed to attract first-time visitors,” said Gary Selesner, president of Caesars Palace. “The rebranded hotel tower, restaurant and lounge will offer an experience unlike anything in Las Vegas, pairing exclusive accommodations with a resort famed for world-class entertainment, shopping and leisure experiences.”

Selesner estimated it will take 15 months to redevelop the hotel tower and open the new restaurant. He also told the Associated Press that the two companies may pursue similar arrangements at other Caesars Entertainment properties.

Nobu Hospitality operates two dozen restaurants in locations around the world.