US-based MGM Resorts International has announced plans to open two hotels in Dubai.
The company has agreed a deal with wasl Asset Management Group to manage and advise on an MGM and a Bellagio at a 26-acre “premier destination resort” in Dubai, which it will operate on completion.
President of MGM Resorts Bill Hornbuckle said:”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.
“This agreement, which makes us the development advisor 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 26-acre prime beachfront development, which will also house MGM Residences, marks the debut of the MGM and Bellagio brand names in the Middle East region.
wasl Asset Management Group Hesham Al Qassim said:”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.”
As part of the two million square-foot development, more than a half-million square feet will feature a theatre, a mix of culinary venues ranging from gourmet to casual dining, specialty retail shops, traditional and interactive museums, a beach club and adventure zones for both adults and children.
The new property will include 1,000 rooms and feature 10 villas.