Macau Studio City gets W hotel

from yesterday's Hotel news online


JLL Brings Ritz-Carlton, Marriott and 'W' hotels to ‘Las Vegas of Asia’
Jones Lang LaSalle Hotels

September 11, 2007


Jones Lang LaSalle Hotels (the “Firm”) is pleased to have advised the investors in Macao Studio City in the selection and negotiations with world-class hotel brands namely, the Ritz-Carlton, Marriott and ‘W’ to operate three hotels with an approximate total of 1,800 rooms in the integrated development. Mr Mark Brannigan, Senior Vice President, Asset Management of Jones Lang LaSalle Hotels in Asia, spearheaded the selection and negotiations of the management contracts for the three hotels.

“Leveraging our understanding of the global hotel market as well as hotel brands and operators, we were able to bring to Macao Studio City high profile international hotel management companies that will add to the level of luxury and splendour that matches our client’s grand vision. This case is a prime example of how proactive asset management could help to maximise the competitive positioning and long-term growth potential of a real estate asset,” said Mr Brannigan." ...

Currently, the Firm is negotiating hotel operating agreements in China, Japan, India, Thailand and Macao. Late in 2006, the Firm advised All Nippon Airways Co. Ltd (ANA) and its subsidiary ANA Hotels and Resorts in the joint venture with InterContinental Hotels Group which resulted in the formation of the largest international hotel group in Japan, IHG ANA Hotels Group Japan. The Firm was also the exclusive advisor to Shangri-La Hotel and Resorts in negotiating a management lease agreement with Mori Trust last year that brings the luxury hotel brand to Tokyo in 2008.

Located strategically on the Cotai strip – Asia’s equivalent of the world-renown Las Vegas strip – Macao Studio City is Asia’s first leisure resort to integrate television and film production facilities with retail, entertainment and world class hotels. All three hotels – the 965-room The Macao Studio City Marriott Hotel, 563-room W Macao Studio City and 256-room Ritz-Carlton, Macao Studio City – will make their debut in 2009."

for the complete story see:
http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=616&topicId=12552&docId=u:667903419&start=1&nid=3457