HANGZHOU, China, Nov. 7, 2016 /PRNewswire/ -- Diaoyutai State
Guesthouse and MGM Resorts International (NYSE: MGM)
today announced the opening of the Diaoyutai Hotel Hangzhou by
their joint venture, Diaoyutai MGM Hospitality.
The Diaoyutai Hotel Hangzhou is a 162-room luxury hotel owned by
Oceanwide Holdings Co., Ltd., the prominent Chinese
enterprise.
The grand opening ceremony for the Hotel was attended by
Ambassador Zhang Junsai, Director
General of Diaoyutai State Guesthouse; Jim Murren, Chairman
and CEO of MGM Resorts International; Bill Hornbuckle, President of MGM Resorts
International and Bill Scott, who is
Executive Director and General Manager of Diaoyutai MGM
Hospitality.
Ambassador Zhang said, "We are very pleased to announce the
opening of the Diaoyutai Hotel Hangzhou, which adds to our
cooperation with MGM Resorts. We are excited about both the
Hotel and the growth of Diaoyutai MGM."
Jim Murren said, "We are thrilled
to participate in the Diaoyutai Hangzhou, and we look forward to
opening the Bellagio by MGM Shanghai and Diaoyutai Frankfurt
through Diaoyutai MGM next year. The joint venture shows
great promise and reflects our strong relationship."
Bill Scott said, "Diaoyutai MGM
is committed to building high quality, luxury international hotels
and residences under all of our brands, and we believe that the
Diaoyutai Hotel Hangzhou is an important achievement that will help
us grow our Company."
Diaoyutai MGM Hospitality is a unique joint venture
between Diaoyutai State Guesthouse of China, the Chinese Government's highest
standard service venue for hosting foreign heads of state visiting
China, and MGM Resorts
International, the top global luxury hotel group. The Company is
committed to combining the brand advantages of its parent companies
to create unique luxury hotel, residence, retail and entertainment
experiences. Our mission is to create innovative and welcoming
experiences for our customers and guests.
Diaoyutai State Guesthouse is the highest standard
service venue for Chinese national leaders to conduct the most
important national and diplomatic activities. It is located at the
site of Diaoyutai - an imperial retreat built more than 800 years
ago. Since opening on the ancient site in 1959, Diaoyutai State
Guesthouse has since become an important venue for key diplomatic
occasions hosted by Chinese leaders, such as banquets, seminars and
meetings. Diaoyutai State Guesthouse has received more than 1,300
foreign heads of state from around the world, including the Queen
of England, several Presidents of
the United States, the Emperor of
Japan, as well as many
celebrities. Diaoyutai State Guesthouse is internationally renowned
for its unique Diaoyutai cuisine, elegant and thoughtful service,
its graceful imperial garden, and rich connection to China's history and culture.
MGM Resorts International (NYSE: MGM) is one of the
world's leading global hospitality companies, operating a portfolio
of destination resort brands including Bellagio, MGM Grand,
Mandalay Bay and The Mirage. The Company is in the process of
developing MGM National Harbor in Maryland and MGM
Springfield in Massachusetts. MGM Resorts controls and holds a
76 percent economic interest in the operating partnership of MGM
Growth Properties LLC (NYSE: MGP), a premier triple-net lease real
estate investment trust engaged in the acquisition, ownership and
leasing of large-scale destination entertainment and leisure
resorts. The Company also owns 56 percent of MGM China Holdings
Limited (SEHK: 2282), which owns MGM MACAU and is
developing MGM COTAI, and 50 percent of CityCenter in Las
Vegas, which features ARIA Resort & Casino. MGM Resorts is
named among FORTUNE® Magazine's 2016 list of World's Most Admired
Companies®. For more information about MGM Resorts International,
visit the Company's website at www.mgmresorts.com.
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SOURCE MGM Resorts International