MGM Hospitality First Hotel Project in Burgeoning India Hospitality Market
January 31, 2011
MGM Hospitality announced today it recently signed a definitive agreement to operate the Company's first destination hotel in India. The MGM Grand and Skylofts New Delhi will be part of a dynamic multiple-hotel development in the national capital of Delhi, with convenient access to the burgeoning business city of Gurgaon, posh South Delhi, the diplomatic enclave, the Central Business District and the new commercial and hospitality district near the New Delhi International Airport. Located a mere 350 meters from National Highway 8, the site is conveniently located, offering quick, congestion-free access to the property.
In partnership with Silver Resort Hotel India Private Limited (a Company promoted by Blue Coast Hotels Limited), MGM Hospitality will provide design assistance and operate this luxury hotel facility under the legendary brand of MGM Grand. The new hotel will feature approximately 480 MGM Grand guest rooms, along with a number of exclusive Skylofts brand suites and serviced apartments.
"This announcement is of particular significance as it marks our Company's entry into the burgeoning India marketplace," said Gamal Aziz, President and CEO of MGM Hospitality. "Our brands are known the world over, but being welcomed into a new nation is always exciting, especially one with a hospitality market as dynamic as India's. We are fortunate to be working with a wonderful partner, Blue Coast Hotels Limited, and look forward to sharing the MGM Grand brand of luxury with both the residents of New Delhi and with the many visitors arriving to explore the wonders of India."
In the spirit of the MGM Grand tradition, MGM Grand New Delhi will embrace exceptional design, exhilarating entertainment, world-class meeting facilities and innovative service. The MGM Grand brings to New Delhi its signature brand of excitement that permeates every aspect of the resort - fine dining from celebrity chefs, a galaxy of entertainment, unforgettable night clubs, even the MGM Grand swimming pool experience, known as Wet Republic, is incomparable in the hospitality industry.
MGM Grand New Delhi will bring the pulsating exhilaration of the MGM Grand brand and its world-class amenities to this new travelers' oasis in India's capital city. Located within the new sprawling hospitality district of New Delhi, the MGM Grand will offer a variety of accommodations and the full range of luxury services, all with convenient access to major business districts, upscale residential areas and the Delhi International Airport.
"We are proud to be associated with a great hospitality company like MGM and we are very confident that this will bring a big change in the tourism landscape of the country. We need more products and opportunities like this for India. MGM is a unique brand with a very special identity which will be able to create a niche for itself and bring a change in the lifestyle for the residents of the city of Delhi and the National Capital Region" said Sushil Suri commenting on this development for Silver Resort. Suri is of the view that, "We badly need big brands in India which can pull large conferences and group business in India and MGM is the right choice."
Groundbreaking on the project is scheduled for March 2011. MGM Grand New Delhi is anticipated to welcome its first guests in early 2014.