MGM joins up with Hakkasan to develop nongaming hotels
MGM Resorts International has formed a joint venture with Hakkasan Group to explore opportunities for nongaming hotels.
Newly formed MGM Hakkasan Hospitality will develop and manage luxury hotels and resorts under MGM Grand, Bellagio, SKYLOFTS and Hakkasan brands.
The partnership will focus on major resort destinations and gateway cities globally, including New York and Beverly Hills, it said in a press release.
Jim Murren, CEO of MGM Resorts International said the tie-up is a natural progression after the two companies collaborated on the design and development of the $100 million Hakkasan club which opened at MGM Grand in 2013.
Each of the two companies’ current projects will be added to the joint venture, including MGM developments in the Americas and Asia, and Hakkasan’s Middle East pipeline.
"With existing projects already in the pipeline, a strong operational infrastructure and access to capital resources, MGM Hakkasan Hospitality will have more exposure to greater opportunities," said Hakkasan Group CEO Neil Moffitt, who will become CEO of the new venture.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent