Macao Studio City
I’ve said it before and I’ll say it again - this is one of the projects i’m most looking forward too. Phase I will be completed in 2009 and Phase II will be completed in early 2011. It has a great location near LVS’s Cotai Strip®.
The US$2 billion Macao Studio City will be one of Asia’s first integrated leisure properties combining production studios, retail, gaming, entertainment and world-class hotels. The resort is located on the south end of Cotai, directly North of the Lotus Bridge immigration checkpoint and will be linked directly to Hengqin Island, China.
The hotels will include:
- Macao Studio City Marriott Hotel
- The Ritz-Carlton, Macao Studio City
- The Tang Hotel
- W Macao Studio City
There will be plenty to do here. The main entertainment features are:
- 36,600 sq ft Playboy Mansion Macao
- 2,300-seat theatre
- 4,000-seat multi-purpose arena
- a stand alone TV and film studios
The Mall at Studio City will be enormous, covering 920,000 sq ft (GFA), and jointly developed with Taubman Centers, Inc.
And of course, dont forget the casino, with over 400 gaming tables operated by Melco
PBL.
The complex ownership structure of Macao Studio City is as follows:
Developers Cyber One Agents Limited, a joint venture between New Cotai LLC (40
per cent) and East Asia Satellite Television Holdings (60 per cent) East Asia Satellite Television Holdings is a subsidiary of eSun Holdings (stock code: HK - 571), owners include: eSun Holdings – 66.7 per cent; CapitaLand (stock code: SGX - C31) – 33.3 per cent. New Cotai, LLC is a consortium of US-based investors, including cochairman and co-chief executive officer of Macao Studio City, Mr. David Friedman, Silver Point Capital, L.P., a private US-based investment firm, and Oaktree Capital Management, LLC, a global independent investment management firm.
