$1 Billion Reinvestment for Marina Bay Sands

Marina Bay Sands has embarked on a reinvestment program for its existing property.

The Marina Bay Sands renovation will be spanning across hotel rooms and suites, new food and beverage offerings and other enhancements that will position the Integrated Resort (IR) for strong growth as the recovery of global tourism continues.

The $1 billion reinvestment is the biggest since the IR’s opening in 2010, demonstrating parent company Las Vegas Sands’ confidence in Singapore and ongoing commitment to the country’s tourism industry. The reinvestment is in addition to the multi-billion-dollar expansion announced in April 2019, which will include the development of a state-of-the-art entertainment arena, an ultra-luxury hotel tower and additional MICE space, adjacent to the current IR.

The reinvestment includes extensive upgrading of all rooms and suites in Towers 1 and 2 of the hotel. The renovation will be completed in phases over 2022 and 2023, transforming the design and significantly elevating the hospitality experience in luxury travel, which is predicted to lead the tourism recovery.

It will also see the IR introducing signature experiences across the 55 floors of all three hotel towers—including a revamped Executive Club Lounge, premium fine dining, and health and wellness offerings—to offer new luxury lifestyle amenities for high-value travelers. More details will be announced at a later date.

“We are firmly of the view that Asia will continue to lead as a primary driver of growth in travel, and Singapore will remain a top destination of choice. Our reinvestment, as well as our planned multi-billion-dollar expansion that we announced in 2019, represent a further demonstration of our long-term support for

Singapore. It reaffirms our confidence in the future and our commitment to offering industry-leading luxury products and hospitality experiences to our guests,” said Robert G. Goldstein, Las Vegas Sands’ chairman and CEO.

The $1 billion reinvestment for Marina Bay Sands is part of Las Vegas Sands’ ongoing program to elevate design and the customer experience across its properties in Singapore and Macao. In Macao, this includes the investment of approximately $2.2 billion in The Londoner MacaoGrand Suites at Four Seasons Macao and The Londoner Court. Paul Town, Marina Bay Sands’ chief operating officer, said in a press statement, “Marina Bay Sands’ new room and suite offerings will bring luxury lifestyle experiences not seen in the market before, as we re-imagine the future of luxury hospitality and travel. We are excited to unveil them to guests from around the world in the months ahead as international travel returns following the easing of border restrictions. Singapore has been a leader in working towards the safe return of global travel through its Vaccinated Travel Lanes, and we are grateful to the government for its calibrated approach and unwavering support for the industry.”

Delivering a well-rounded experience for visitors, Marina Bay Sands also continues to introduce new dining and retail concepts, exciting entertainment programs, as well as cutting-edge exhibitions. Adding to its lineup of celebrity chef and signature restaurants, Wakuda, created by legendary Chef Tetsuya Wakuda and restaurateur John Kunkel of the 50 Eggs Hospitality Group, will be unveiled soon. The Shoppes at Marina Bay Sands also continue to develop and present fresh and unique shopping experiences by bringing in new-to-Singapore concepts.

The reinvestment announcement comes as the IR enters its second decade of operations following its 10th anniversary in 2020. Since opening in 2010 at a development cost of $5.6 billion, Marina Bay Sands has provided significant benefits to Singapore’s tourism sector, with over 380 million visitors to the property.

This article first appeared at Recommend.com

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