Las Vegas Sands to expand Marina Bay Sands Integrated Resort

Las Vegas Sands to expand Marina Bay Sands Integrated Resort.
Moshe Safdie, who designed the original property, Aedas and Gensler are planning to be part of the team responsible for the design elements of a new building. Photo credit: Las Vegas Sands

Las Vegas Sands has entered into a development agreement with the Singapore government to expand Marina Bay Sands in Singapore. The company will immediately begin work on the new project located adjacent to the existing Marina Bay Sands Integrated Resort.

The key elements of the development will be a 15,000-seat arena, a luxury hotel tower and additional MICE (Meeting, Incentive, Convention and Exhibition) space.

The new hotel tower, which will have approximately 1,000 all-suite rooms, will also include a sky roof with a swimming pool and a restaurant. The tower will have an atrium and terraces, along with food and beverage offerings and a combination of meeting rooms, ballrooms and exhibition halls. Moshe Safdie, who designed the original property, Aedas and Gensler are planning to be part of the team responsible for the design elements of this new building.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Since opening in 2010, Marina Bay Sands has attracted more than 330 million visitors. The property has brought over 700 new MICE events to Singapore since opening and hosted 3,680 events at the Sands Expo and Convention Centre in 2018 alone.

The current total projected budget for the expansion is approximately $3.3 billion (S$4.5 billion) and a timeline for its completion is not yet available.

Suggested Articles

The listings will live on Kayak Premium, a new collection of Kayak-endorsed travel options that will include boutique hotels.

Ground rent or ground lease deals have been moving into the mainstream with great effect at companies such as PPHE Hotel Group.

DTZ Investors has purchased the property along with other real estate for more than £70 million.