March 23, 2017 Leave a Comment
DUBAI – As part of the expansion of our Company’s global brand, MGM Hospitality recently announced that it has been selected to operate and help build a 2 million-square-foot premier nongaming destination resort on 26 beachfront acres in Dubai.
MGM Hospitality — an MGM Resorts International subsidiary that focuses on the design, development and management of luxury nongaming hotels, resorts and residential offerings — was chosen by Dubai-based wasl Hospitality and Leisure, a subsidiary of wasl Asset Management Group, to lead the project on Dubai’s Jumeirah Beach.
One of the largest real estate development and management companies in the Emirate of Dubai, wasl joined MGM Resorts officials in presenting the project to His Highness, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai.
The project will be financed by Dubai’s government and will feature an MGM Hotel, MGM Residences and a Bellagio Hotel, marking the debut of the iconic MGM and Bellagio brand names in the Middle East region. A 2021 opening is projected.
“We are excited and honored by the opportunity to introduce our incredible brands in one of the world’s fastest-growing tourist destinations. This marks the first time we will offer multiple MGM luxury brands at a prime beachfront location,” said Bill Hornbuckle, President of MGM Resorts. “This agreement, which makes us the development adviser and operator, reflects our commitment to remaining disciplined and focused in our investments while continuing to advance our brand of entertainment resorts in markets around the world.”
The project is also set to feature a theater, culinary venues, specialty retail shops, traditional and interactive museums, a beach club and adventure zones for adults and children, along with 1,000 rooms and 10 villas.
Hesham Al Qassim, CEO of wasl Asset Management Group, says, “wasl is proud to be working in partnership with such an internationally acclaimed hotel and resort operator; it is a major milestone and we are very excited to be bringing MGM Resorts on our journey to making Dubai the world’s best city to visit, work and live in. The collaboration also fulfills wasl’s mandate to attract global hospitality players to Dubai, where we are constantly striving to raise the bar in the city by offering tourists, residents and visitors ever more sensational hospitality and entertainment experiences.”