Extensive hotel renovation to significantly elevate luxury
lifestyle offerings; reinvestment affirms confidence in
Singapore's tourism future
SINGAPORE, Feb.
8, 2022 /PRNewswire/ -- Marina Bay Sands has embarked on a
major reinvestment programme for its existing property, spanning
hotel rooms and suites, new food and beverage (F&B) offerings
and other enhancements that will position the Integrated Resort
(IR) for strong growth as the recovery of global tourism
continues.
The US$1 billion reinvestment is
the biggest since the IR's opening in 2010, demonstrating parent
company Las Vegas Sands' confidence in Singapore and ongoing commitment to the
country's tourism industry.
The reinvestment is in addition to the multi-billion-dollar
expansion announced in April 2019,
which will include the development of a state-of-the-art
entertainment arena, an ultra-luxury hotel tower and additional
MICE (meetings, incentives, conventions & exhibitions) space,
adjacent to the current IR.
The reinvestment encompasses extensive upgrading of all rooms
and suites in Towers 1 and 2 of the Hotel. Renovation works will be
completed in phases over 2022 and 2023, transforming the design and
significantly elevating the hospitality experience in the luxury
travel segment, which is predicted to lead the tourism
recovery.
It will also see the IR introducing signature experiences across
the 55th floor of all three hotel towers - including a
revamped Executive Club Lounge, premium fine dining, and health and
wellness offerings – to offer new luxury lifestyle amenities for
high-value travellers. More details will be announced at a later
date.
"We are firmly of the view that Asia will continue to lead as a primary driver
of growth in travel, and Singapore
will remain a top destination of choice. Our reinvestment as well
as our planned multi-billion-dollar expansion that we announced in
2019 represent a further demonstration of our long-term support for
Singapore. It reaffirms our
confidence in the future and our commitment to offering
industry-leading luxury products and hospitality experiences to our
guests," said Robert G. Goldstein,
Las Vegas Sands' Chairman and CEO.
The US$1 billion reinvestment for
Marina Bay Sands is part of Las Vegas Sands' ongoing programme to
elevate design and the customer experience across its properties in
Singapore and Macao. In Macao, this includes investment of
approximately US$2.2 billion in The
Londoner Macao, Grand Suites at Four Seasons Macao and The Londoner
Court.
Paul Town, Marina Bay Sands' Chief Operating Officer, said:
"Marina Bay Sands' new room and
suite offerings will bring luxury lifestyle experiences not seen in
the market before, as we reimagine the future of luxury hospitality
and travel. We are excited to unveil them to guests from around the
world in the months ahead as international travel returns following
the easing of border restrictions. Singapore has been a leader in working towards
the safe return of global travel through its Vaccinated Travel
Lanes, and we are grateful to the Government for its calibrated
approach and unwavering support for the industry."
Delivering a well-rounded experience for visitors, Marina Bay
Sands also continues to introduce new dining and retail concepts,
exciting entertainment programmes as well as cutting-edge
exhibitions. Adding to its spectacular lineup of celebrity chef and
signature restaurants, Wakuda, created by legendary Chef
Tetsuya Wakuda and restaurateur
John Kunkel of the 50 Eggs
Hospitality Group, will be unveiled soon. The Shoppes at Marina Bay
Sands also continues to develop and present fresh and unique
shopping experiences by bringing in new-to-Singapore concepts.
The reinvestment announcement comes as the IR enters its second
decade of operations following its 10th anniversary in 2020. Since
opening in 2010 at a development cost of US$5.6 billion, Marina Bay Sands has provided
significant benefits to Singapore's tourism sector, with over 380
million visitors to the property and helping to attract more than
1,000 all-new MICE events to the country.
Marina Bay Sands has also benefited the economy of Singapore through the creation of new jobs and
support for local businesses. The IR directly employs nearly 10,000
Team Members, of which more than two thirds are Singaporeans and
Permanent Residents, with the figure expected to rise in the coming
years to support the expansion of the business.
About Las Vegas Sands (NYSE: LVS)
Las Vegas Sands is
the world's preeminent developer and operator of world-class
Integrated Resorts. We deliver unrivaled economic benefits to the
communities in which we operate. Sands created the meetings,
incentives, convention and exhibition (MICE)-based Integrated
Resort. Our industry-leading Integrated Resorts provide substantial
contributions to our host communities including growth in leisure
and business tourism, sustained job creation and ongoing financial
opportunities for local small and medium-sized businesses.
Our properties include The Venetian
Resort and Sands Expo in Las Vegas, the iconic Marina Bay
Sands in Singapore. Through
majority ownership in Sands China Ltd., we have developed
the largest portfolio of properties on the Cotai Strip in
Macao, including The Venetian
Macao, The Plaza and Four Seasons Hotel
Macao, The Londoner Macao and The Parisian Macao, as
well as the Sands Macao on the Macao Peninsula.
Sands is dedicated to being a good corporate citizen, anchored
by the core tenets of serving people, communities and planet. We
deliver a great working environment for our team members worldwide,
drive social impact through the Sands Cares community engagement
and charitable giving program and lead in environmental performance
through the award-winning Sands ECO360 global sustainability
program. To learn more, please visit www.sands.com.
About Marina Bay Sands Pte Ltd
Marina Bay Sands is the
leading business, leisure and entertainment destination in
Asia. It features large and
flexible convention and exhibition facilities, more than 2,500
hotel rooms and suites, the rooftop Sands SkyPark, and the best
shopping mall in Asia, world-class
celebrity chef restaurants, a theatre and an outdoor event plaza.
Completing the line-up of attractions is ArtScience Museum at
Marina Bay Sands which plays host to permanent and marquee
exhibitions. For more information, please visit
www.marinabaysands.com
