{"id":48850,"date":"2017-03-21T00:32:48","date_gmt":"2017-03-20T17:32:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=48850"},"modified":"2017-03-20T21:57:08","modified_gmt":"2017-03-20T14:57:08","slug":"mgm-and-bellagio-hotels-to-be-built-at-new-resort-site-in-dubai","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mgm-and-bellagio-hotels-to-be-built-at-new-resort-site-in-dubai\/","title":{"rendered":"MGM and Bellagio hotels to be built at new resort site in Dubai"},"content":{"rendered":"


\nUS-based MGM Resorts International will open two new hotels in Dubai – an MGM and a Bellagio.The company, which operates a dozen hotels in Las Vegas, has agreed a deal to advise on and manage a 26-acre “premier destination resort” for Wasl Hospitality, a division of Wasl Asset Management Group. The resort will contain 2 million square feet of built-up space, including an MGM Hotel, MGM-branded residences and a Bellagio-branded hotel containing a total of 1,000 rooms and 10 villas. There will also be a 500,000-sq-ft theatre, a range of restaurants, museums, a major beach club and adventure zones for both adults and children.According to a statement from MGM Resorts, the site will “occupy the longest stretch of water\u00adfront ever developed in Dubai” along the Jumeirah Beach front. Work is set to start on the project in the third quarter of 2017 and will take four years to complete.”We are excited and honoured by the opportunity to introduce our brands in one of the world’s fastest-growing tourist destinations,” said Bill Hornbuckle, president of MGM Resorts.”This marks the first time we will offer multiple MGM luxury brands at a prime beachfront location.”Hesham Al Qassim, the chief executive of Wasl Asset Management, said the deal “fulfils 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”.MGM Resorts also owns resorts in other American cities as well as properties in Macau and China. In 2016, the company declared a net profit of US$1.1 billion on the back of a 9 per cent increase in net revenue to $9.5bn. It employs almost 77,000 people worldwide. Wasl Asset Management is responsible for managing assets in non-freehold areas of Dubai. It has more than 25,000 homes and 5,500 hotel rooms and apartments in its portfolio.mfahy@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…MGM and Bellagio hotels to be built at new resort site in Dubai<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

US-based MGM Resorts International will open two new hotels in Dubai – an MGM and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-48850","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cHU","jetpack-related-posts":[{"id":56882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wasl-to-build-new-district-for-expo-2020-hospitality-staff\/","url_meta":{"origin":48850,"position":0},"title":"Wasl to build new district for Expo 2020 hospitality staff","date":"June 4, 2017","format":false,"excerpt":"\r Wasl Asset Management Group (Wasl) is to build a new community in the Warsan district of Dubai which will be used to house hospitality staff.The firm said that the Warsan project, near International City, will house 26 buildings comprising a built-up area of 2.6 million square feet including 3,866\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mgm-china-ceo-sees-appeal-of-cotai-resort-offsetting-delayed-opening\/","url_meta":{"origin":48850,"position":1},"title":"MGM China CEO sees appeal of Cotai resort offsetting delayed opening","date":"February 14, 2018","format":false,"excerpt":"\r MGM Resorts International finally opened its US$3.4 billion MGM Cotai casino resort in Macau on Tuesday after a series of delays, saying that it was confident the new property would have enough appeal to offset any loss of momentum due to its late opening. The resort\u2019s opening has been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-world-and-mgm-mirage-sells-joint-las-vegas-retail-project\/","url_meta":{"origin":48850,"position":2},"title":"Dubai World and MGM Mirage sells joint Las Vegas retail project","date":"March 20, 2016","format":false,"excerpt":"\r \r Dubai World and MGM Mirage sold their joint retail project in Las Vegas for US$1.1 billion, as the UAE entity continues on its road to recovery from the 2009 financial crisis. Invesco Real Estate and Simon Property Group will take control of CityCenter's The Shops at Crystals, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":158981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mandarin-oriental-to-open-dubai-hotel-and-branded-residences-in-wasl-tower-by-october-2025\/","url_meta":{"origin":48850,"position":3},"title":"Mandarin Oriental to open Dubai hotel and branded residences in Wasl Tower by October 2025","date":"August 10, 2025","format":false,"excerpt":"\r Mandarin Oriental to open Dubai hotel with branded residences in Wasl Tower\r \r Source : arabianbusiness.com\r Read more...Mandarin Oriental to open Dubai hotel and branded residences in Wasl Tower by October 2025","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/08\/Mandarin-Oriental-Downtown-Dubai-1000x658-1.jpg?fit=1000%2C658&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5728,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nakheel-in-deal-for-dubai-luxury-hotelnakheel-in-deal-for-dubai-luxury-hotel\/","url_meta":{"origin":48850,"position":4},"title":"Nakheel in deal for Dubai luxury hotelNakheel in deal for Dubai luxury hotel","date":"February 25, 2016","format":false,"excerpt":"\r \r Nakheel signed up with Thailand's Minor Hotel Group to manage the developer's second property at Ibn Battuta Mall in Dubai.The mall, which is undergoing an expansion, expects to open the 372-room property in 2018. It will be branded as one of the upscale Avani Hotels and Resorts. A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-world-mgm-sell-las-vegas-luxury-mall\/","url_meta":{"origin":48850,"position":5},"title":"Dubai World, MGM sell Las Vegas luxury mall","date":"March 20, 2016","format":false,"excerpt":"\r The mall is part of a $8.5bn development that suffered funding setbacks during the property bust in 2009\r \r Source : arabianbusiness.com\r Read more...Dubai World, MGM sell Las Vegas luxury mall","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48850"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=48850"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/48850\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=48850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=48850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=48850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}