The hotel and condominium tower will have 88 floors and the office building will be a mid-rise structure. The lower floors of the hotel tower will house a 350-key hotel to be called MGM Grand Tianjin. The upper floors will house a 50-suite Skylofts at MGM Grand and a 60-unit MGM Grand luxury condominium offering. Amenities will include a spa and a restaurant. The towers were designed by MAD, a Beijing-based architecture firm.
Tianjin, home to 10 million people, is a gateway city to Beijing. Groundbreaking for the first phase of Sinosteel International Plaza is expected later this month. The development is considered a cornerstone of the Xiangluo Bay Project in Binhai New District, a major development area in Tianjin.
MGM Grand Tianjin is the first MGM-Diaoyutai project since the two announced their intention to develop hotels together in December 2006. The duo says it plans to manage branded luxury hotels and resorts in major markets across China.
As part of the effort, MGM Mirage last spring formed a new subsidiary, MGM Mirage Hospitality. The new division is being overseen by Gamal Aziz, who also is president and COO of MGM Mirage Las Vegas. In addition to its partnership with Diaoyutai State Guesthouse MGM Mirage formed a similar partnership with the Abu Dhabi government's Mubadala Development Co.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
