LAS VEGAS, Oct. 11, 2011 /PRNewswire/ -- MGM Hospitality, a
wholly owned subsidiary of MGM Resorts International (NYSE: MGM),
has signed definitive agreements in connection with the development
and operation of a Bellagio hotel, an MGM Grand hotel, and a
Skylofts hotel, as part of the Maker Maxity mixed-use
development complex in Mumbai,
India.
Maker Maxity is an approximately 20 acre integrated commercial,
entertainment, and hospitality complex that will not only be a
landmark for Mumbai but will set a
new standard for mixed-use development projects in the entire
region. Maker Maxity is part of and strategically
located at the entry point of the Bandra Kurla Complex, the city's
new Central Business District, at Mumbai's geographic center and is bordered by
the new International Finance Center on one side and Bandra – one
of Mumbai's most prestigious and
affluent residential neighborhoods -- on the other. In addition to
the Bellagio, MGM Grand, and Skylofts hotels, the immaculately
designed and meticulously planned complex includes five Class A
commercial office buildings, a luxury retail development, and a
private club as part of the hospitality precinct.
In addition to providing world class hotel facilities catering
to all requirements of an international business traveler, the
Bellagio, MGM Grand, and Skylofts hotels will offer the dynamic
culinary, nightlife, entertainment, and meeting venues that are
synonymous with MGM Resorts' brands, and will result in Maker
Maxity being the centerpiece for all of Mumbai's social and business activities.
"The proximity to Bollywood and the affluent Bandra neighborhood
provides a perfect setting for the confluence of energy, indulgence
and luxury that the Bellagio, MGM Grand and Skylofts hotels will
bring to the destination," said Gamal
Aziz, CEO of MGM Hospitality.
Mr. Aziz added that "MGM is honored to be selected for this
landmark project which marks a huge milestone in our strategy to
extend our brand reach in the sophisticated and fast growing Indian
hospitality market."
A spokesperson for Maker Maxity said "MGM Hospitality is a
renowned international developer of hospitality entertainment
destination experiences with an extraordinary portfolio of
distinctive, world-renowned destinations. Their unmatched ability
to capture the essence of a place and combine it with a style and
energy that extends from their Las Vegas DNA enables us to create
an entirely new scene in Bandra Kurla, one that is relevant, vital,
and inextricably tied to our rich Mumbai culture."
About MGM Hospitality
MGM Hospitality is a wholly owned subsidiary of MGM Resorts
International (NYSE: MGM), that was formed to operate hotels,
resorts and residences in key destinations around the world under
the brands Bellagio, MGM Grand and Skylofts. MGM Hospitality
specializes in creating captivating and celebrated destinations
that, through the interplay of design and innovative dining, retail
and spa offerings, infuse entertainment and excitement into every
element of the hospitality experiences we create and manage.
MGM Hospitality is focused on establishing our hotels and
resorts in all international gateway cities and prime resort
destinations around the world, with a pipeline that currently
includes projects in the Middle
East, North Africa,
India, and China. MGM
Hospitality also provides project management and development
services and shares the same commitment to sustainable building and
operations as our parent company MGM Resorts International. For
more information about MGM Hospitality, please visit the Company's
website at www.mgmhospitality.com.
Statements in this release which are not historical facts are
"forward looking" statements and "safe harbor statements" Under the
Private Securities Litigation Reform Act of 1995 that involve risks
and/or uncertainties, including risks and/or uncertainties as
described in the company's public filings with the Securities and
Exchange Commission.
SOURCE MGM Hospitality