Palazzo Hotel. In the center of downtown Las Vegas lives the heart and soul of Italy—the Venetian and the Palazzo. Because the hotels are physically connected with shared shopping and restaurants, they each needed their own unique identities. If the Venetian is the bold voice of Venice with masks and tapestries of Carnival, then the Palazzo is the refined warmth of Florence with a Tuscan countryside and old-world charm. Taking cues from modern Italian design, the color palette of the countryside has become as urban as the Vespa.