Jumeirah Group and Shun Tak sign management agreement for Macau
on: December 8, 2008, 9:30 am
Release Author: Jumeirah
Release Summary: Jumeirah Group has signed a management agreement
with Shun Tak Holdings Limited to operate its newest five star
hotel in Macau
Release Body: Jumeriah Group, the Dubai based
luxury hotel management company and member of Dubai Holding,
has signed a management agreement with Shun Tak Holdings
Limited which will have Jumeirah operating
a new luxury hotel in the Cotai area of Macau, a region of China.
new agreement was announced by Ms. Pansy Ho, Managing
Director of Shun Tak and Mr Gerald Lawless, Executive Chairman
of Jumeirah Group, at a signing ceremony held in Hong
Jumeirah Macau Hotel,
scheduled for completion in 2013, will set a new standard for
luxury hotel and hospitality services in the Chinese enclave when
it emerges as a leading tourism and convention hub in the region.
Strategically located amid the tourism epicentre of Cotai, the
new Jumeirah hotel will enjoy a spectacular view of the Macau
Dome, where the city's major sports and cultural entertainment
events are hosted.
the forerunner to introduce premium international hotels brands
in Macau, we are once again ready to commit to investing in more
diversified products as part of our dedicated blueprint in contributing
to the city's tourism industry," said Ms. Pansy
Ho. "Indeed, this major project came about at
a time when some market players are uncertain about the future.
Shun Tak's view of the Macau economy is long term. We remain positive
that its fundamental is strong and sound, and (we) will continue
to invest in its future, trusting that it will be one of the first
destinations to recover from the recent market adjustments."
on the new agreement struck with Jumeirah
Group, Ms. Ho commented: "Internationally
acclaimed for its capability and proven track record to operate
and manage an enviable portfolio of high end luxury hotels around
the globe, this partnership (with Jumeirah Group) is instrumental
to Shun Tak's strategy of establishing a strong foothold and market
presence in the hotel and hospitality industries in the long run."
Lawless, executive chairman of Jumeirah, said: "Jumeirah
is recognised as one of the leading luxury
international hotel brands, and is known for being the operator
of the world famous Burj Al Arab, regarded as the world's most
luxurious hotel. This is the third management agreement that we
have signed in China, with the first Jumeirah HanTang Xintiandi
scheduled to open in Shanghai in 2009 and Jumeirah Guangzhou Hotel
in 2011. We look forward to working with Shun Tak and to the opening
of the Jumeirah Macau Hotel."
Shun Tak Group owns a portfolio of valuable hotel properties
in Macau, including two of the first international hotel labels
in the enclave, with a third to be launched as part of its One
Central development. In 2008, with the scheduled completion of
a new airport hotel adjacent to the Hong Kong International Airport,
Shun Tak will enter the Hong Kong hotel market
for the first time, a vital step to complement its strategic tourism
and hospitality services network in the up and coming travel hub
in Chek Lap Kok, Hong Kong.
Jumeirah properties are regarded as among the most luxurious and
innovative in the world and have won numerous international travel
and tourism awards. The fast growing Dubai based luxury international
hospitality group encompasses the world renowned Burj Al Arab,
the world's most luxurious hotel, the multi-award winning Jumeirah
Beach Hotel, Jumeirah Emirates Towers, Madinat Jumeirah and Jumeirah
Bab Al Shams Desert Resort & Spa in Dubai, the Jumeirah Carlton
Tower and Jumeirah Lowndes Hotel in London and the Jumeirah Essex
House Hotel in New York.
Details: PR Contact:
Corporate Communications Manager
Jumeirah Group Corporate Communications
PO Box 214159
United Arab Emirates
Tel: +971 4 364 7947
Fax: +971 4 301 6655