MGM Resorts International, Paradise, Nevada, is poised to introduce its Bellagio brand to China.
MGM announced on Tuesday that it has entered into an agreement with a subsidiary of Suning Group, Nanjing, China, to develop the 200-room Suning Bellagio Shanghai Bund hotel, set to open in 2015. In addition to this property, the companies have agreed to develop additional hotels in China.
The hotel will be managed by Diaoyutai MGM Hospitality Ltd, a joint venture between MGM and Diaoyutai State Guest House, Beijing.
“This strategic partnership with Suning further extends our reach into China, one of the fastest growing hospitality markets in the world. Along with our Diaoyutai JV partners, we believe relationships like this with Suning create new opportunities to expand our brand reach into this strategically vital marketplace,” said Jim Murren, MGM’s chairman and CEO.
China is not the only place Bellagio is expanding — MGM announced in October 2011 that it will bring Bellagio to India.