Macau is fast overtaking its rival Hong Kong as the fastest-growing area for residential hotel and retail property prices.
One of the largest projects is the US$2.1 billion City of Dreams being built by Leighton Asia, China State and John Holland, on behalf of the Melco PBL development company - owned by Lawrence Ho’s Melco gambling company and James Packer’s Crown group.
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Posted in City of Dreams, Crown Macau, Four Seasons Macau, Grand Lisboa, Marriott Cotai, Sofitel Ponte 16, Venetian Macao 
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Comments made by the president of the Ritz-Carlton Hotel Company about the difficulties the group foresees in Macau is a result of the rising competition, said the co-chief executive officer of the Macao Studio City development.
Next year Ritz-Carlton is scheduled to open a hotel at the Macao Studio City property, on the southern end of the Cotai Strip. Earlier in the week, the group’s president, Simon Cooper was reported by the China Daily as saying he expects recruiting and holding on to talented employees to be the company’s biggest concern in Macau.
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Posted in Cotai Strip, Cotai Strip Hotels, Hotel Macau, Marriott Cotai, Ritz-Carlton, Tang Cotai, W Hotel Cotai No Comments »
May 4, 2008
