BWI: MGM Hospitality Announces First Hotel Project in Burgeoning India Hospitality Market

Press release from Business Wire India
Source: MGM Hospitality
Tuesday, February 01, 2011 04:00 PM IST (10:30 AM GMT)
Editors: General: Consumer interest, Travel & tourism; Business: Advertising, PR & marketing, Business services, Hospitality, Retailers, Travel & tourism
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MGM Hospitality Announces First Hotel Project in Burgeoning India Hospitality Market
MGM Grand New Delhi will anchor further brand expansion from new hospitality district in nation's capital city

New Delhi, Delhi, India, Tuesday, February 01, 2011 -- (Business Wire India) -- 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.

About MGM Hospitality:
MGM Hospitality is a wholly owned subsidiary of MGM Resorts International (NYSE: MGM), that was formed to operate hotels, resorts and residences in key destinations around the world under the brands Bellagio, MGM Grand and Skylofts. MGM Hospitality specializes in creating captivating and celebrated destinations that, through the interplay of design and innovative dining, retail and spa offerings, infuse entertainment and excitement into every element of the hospitality experiences we create and manage.

MGM Hospitality is focused on establishing our hotels and resorts in all international gateway cities and prime resort destinations around the world, with a pipeline that currently includes projects in the Middle East, North Africa, India, and China. MGM Hospitality also provides project management and development services and shares the same commitment to sustainable building and operations as our parent company MGM Resorts International. For more information about MGM Hospitality, please visit the Company's website at www.mgmhospitality.com.

About Silver Resort:
Silver Resort Hotel India Private Limited has been promoted by Blue Coast Hotels Limited. The Company has acquired 5.03 acres of land from Delhi International Airport Limited (DIAL) in the hospitality district of the Delhi International Airport. The Gross Built up Area is 7.30 Lacs Sq. Ft. for an upscale luxury hotel with hotel apartments.

Blue Coast Hotels Limited (BCHL) owns the very successful 251 room five-star deluxe luxury resort Park Hyatt Goa Resort & Spa in Goa which is the first and the only 'Park Hyatt' in India, one of Hyatt International's most respected brands. Park Hyatt Goa has been the recipient of various recognitions from the travelers' fraternity over the years.

Blue Coast Group has authentic hands-on experience and very successful track record of setting up and running five-star hotels. The group has handled green field projects from land acquisition to making of the market leaders and has relationships with leading International hotel chains such as Hyatt and Sheraton.


CONTACT DETAILS
Gordon AbsherVice President Public Affairs, MGM Resorts International- Las Vegas, gabsher@mgmresorts.com
Vishwajeet Ganpate, IPAN Hill & Knowlton- New Delhi, +91 9999659231, vganpate@ipanhillandknowlton.com
Komal Kakkar, IPAN Hill & Knowlton- New Delhi, +91 9810609567, kkakkar@ipanhillandknowlton.com

KEYWORDS
CONSUMER, TOURISM, MARKETING, BUSINESS SERVICES, HOSPITALITY, RETAIL, TRAVEL

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