The Plaza Hotel and Casino in Las Vegas, US, will close for renovation by the end of this year.

The hotel owner, Tamares Group, said it will invest funds to renovate 1,037 guestrooms and hallways, build a new restaurant and bar concepts and upgrade the casino floor.

The renovations are expected to take up to 12 months to complete, according to

Following the closure of the hotel, a total of 400 workers are expected to be removed from service within the next two months.