Shun Tak and Jumeirah Group sign management agreement (China)
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Shun Tak and Jumeirah Group sign management agreement (China)
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Category: Asia Pacific - China - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2008-12-02
Shun Tak Holdings Limited (“Shun Tak”) has signed a management agreement with Jumeirah Group, the Dubai-based luxury hotel management company and a member of Dubai Holding, to operate its newest five-star deluxe hotel in the Cotai area of Macau. This was announced by Ms Pansy Ho, Managing Director of Shun Tak and Mr Gerald Lawless, Executive Chairman of Jumeirah Group, at a signing ceremony held today in Hong Kong.
The Jumeirah Macau Hotel, scheduled for completion in 2013, will set a new standard for luxury hotel and hospitality services in the Chinese enclave as it emerges as a leading tourism and meetings and convention hub in the region. Strategically located amidst the tourism epicentre of Cotai, the new hotel will enjoy a spectacular view of the Macau Dome, where the city’s major sports and cultural entertainment events are hosted. Design and configuration of the new exciting city resort development have yet to be finalised, but the finished product is deemed to become a true escapade for the most discerning guests who would appreciate quality and exclusivity in the heart of the action.
“As the forerunner to introduce premium international hotel brands into Macau, we are once again ready to commit to investing in more diversified products as part of our dedicated blueprint in contributing to the city’s tourism industry. Indeed, this major project came about at a time when some market players are uncertain about the future. Shun Tak’s view of the Macau economy is long term. We remain positive that its fundamental is strong and sound, and will continue to invest in its future, trusting that it will be one of the first destinations to recover from the recent market adjustments.” remarked Ms. Pansy Ho, Managing Director of Shun Tak. “Internationally acclaimed for its capability and proven record to operate and manage an enviable portfolio of high-end luxury hotel around the globe, this partnership is instrumental to Shun Tak’s strategy of establishing a strong foothold and market presence in the hotel and hospitality industries in the long run,” added Ho.
“Macau has a rich and unique heritage of Asian and European influences, and the Jumeirah Macau Hotel will certainly be a perfect addition to our international portfolio of hotels and resorts, in line with our promise to STAY DIFFERENT,” explained Gerald Lawless, Executive Chairman of Jumeirah. “Jumeirah is recognised as one of the leading luxury international hotel brands, and is known for being the operator of the world-famous Burj Al Arab, regarded as the world’s most luxurious hotel. This is the third management agreement that we have signed in China, with the first Jumeirah HanTang Xintiandi scheduled to open in Shanghai in 2009 and Jumeirah Guangzhou Hotel in 2011. We look forward to working with Shun Tak and to the opening of the Jumeirah Macau Hotel,” concluded Gerald Lawless.
The Shun Tak Group owns a portfolio of valuable hotel properties in Macau, including two of the first international hotel labels in the enclave, with a third to be launched as part of its One Central development. In 2008, with the scheduled completion of a new airport hotel adjacent to the Hong Kong International Airport, Shun Tak will enter the Hong Kong hotel market for the first time, a vital step to complement its strategic tourism and hospitality services network in the up-and-coming travel hub in Chek Lap Kok, Hong Kong.
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