MGM to construct mansion and sky lofts in Cotai

Macau, Slider 14 Aug 2014
MGM to construct mansion and sky lofts in Cotai

Last week, MGM China stated that its Cotai construction “is moving along at full steam.” Yesterday, the Group’s Chief Executive Officer and Executive Director, Grant Bowie, revealed the master plan for MGM’s Cotai project.

The MGM Cotai property, which occupies some 2 million square feet, will contain a five-floor luxury mansion. The CEO described it as “hotel in a hotel.” In addition to this, there will be a garden designed with natural life features exclusively for guests of the villa.

Mr Bowie said as they found that many guests like an indoor environment with natural light, the garden could become a private garden for the villas. In addition to the mansion, the group is also pioneering a US-led concept called “sky lofts” to provide a unique hotel experience to customers. The loft structure will be built on the top of the middle tower.

There will also be non-gaming hospitality and entertainment attractions, according to Mr Bowie.
The Group stated last week that the basement works are near completion and they can now move on to the construction of the hotel towers. They received their sub-structure (foundation) license in February last year.

Earlier this month, MGM also obtained a super-structure license, which allows the group to build the entire physical building. They estimated that between now and the stage that they legally “acquire” the buildings, there will be one or two additional submissions to the government.

It is estimated that the structure will be inaugurated in the middle of 2016. The project features up to 1,600 hotel rooms and 500 tables, with over 85 percent of the gross floor area allocated to non-gaming.

Bowie said: “We also consider retail as a very important component.  We understand that it’s been an explosion of retail in Macau. (…) The most important brands in the future may not exist today.” He said that the group is also looking for different solutions, and to see what they can offer their customers.

Referring to MDT’s previous exclusive interview, it is expected that the 2-million-square-foot MGM Cotai property will attract more than 35,000 visitors per day (MGM Macau receives 25,000 daily), featuring approximately 1,500 hotel rooms (in phase one) with “a lot of variety, bringing the style of the Las Vegas product here.” The casino area will be big enough to contain 500 tables. Similar to the Macau property, there will be a separate VIP lobby.

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