MGM Resorts to develop hotel sites in New Delhi
The nongaming hotel division of MGM Resorts International announced an agreement Tuesday to participate in multiple hotel developments in the capital of India.
The casino operator said its MGM Hospitality subsidiary will break ground in March on the MGM Grand and Skylofts New Delhi. The project is company's first venture into India.
The hotel is one of multiple hotel sites that will be built in several markets in India, including the cities of Gurgaon and South Delhi, a diplomatic region, New Delhi's central business district, and a new commercial and hospitality district near the New Delhi International Airport.
MGM Hospitality will provide design assistance and operate the 480-room hotel under the MGM Grand brand. The project will include several Skylofts brand suites and serviced apartments.
The project is being developed in partnership with Silver Resort Hotel India Private Ltd.
"This announcement is of particular significance as it marks our company's entry into the burgeoning India marketplace," Gamal Aziz, president and CEO of MGM Hospitality said in a statement.
MGM Hospitality was formed to operate nongaming luxury hotels and residential properties in worldwide destinations using the brands Bellagio, MGM Grand and Skylofts. Projects are in various stages of development in the Middle East, North Africa, China and India.
The company did not reveal a cost for the project in India.
MGM Grand New Delhi is expected to open in early 2014.
Contact reporter Howard Stutz at hstutz@reviewjournal.com or 702-477-3871.
