Marina Bay Sands (MBS) will inject an additional US$750 million (S$1 billion) for the second phase of a rejuvenation programme to improve its luxury offerings.
The refurbishment, encompassing the hotel’s Tower 3, the lobby, Sands SkyPark and other key features, will be carried out in phases till 2025, MBS said in a statement on Jan 18. It will bring the total investment for the programme to US$1.75 billion.
The announcement came on the back of strong earnings – net revenue grew 34.3 per cent to US$1 billion for July to September 2023, from US$756 million the year before. In the same period, revenue from rooms at MBS, which is owned by Las Vegas Sands, surged by 35.9 per cent year on year from US$92 million to US$125 million.
MBS chief operating officer Paul Town said the integrated resort has “made significant progress in delivering new world-leading luxury travel experiences over the past two years”.
“This second phase of reinvestment will be critical as it propels the property to new heights and places us in a strong position to capture future growth opportunities,” he added.
MBS said this second phase will include new dining and retail offerings, as well as more than 550 redesigned rooms, which include 380 suites.
هذه القصة مأخوذة من طبعة January 18, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 18, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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