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Tuesday, November 8, 2011

Coming soon: The Bellagio and MGM Grand at Bandra-Kurla Complex

This story first appeared in DNA Money edition on Wednesday October 12, 2011.

Mukesh Ambani continues to make inroads into India’s hospitality sector — after taking a stake in East India Hotels of the Oberois. A special purpose company promoted by Ambani and South Mumbai realtor Maker Builders is setting up two hotels — a Bellagio and an MGM Grand — at Maker Maxity in Bandra-Kurla Complex.

The company has signed an agreement with MGM Hospitality to manage and run the hotels. The Las Vegas Bellagio is known for its dancing fountains and high-end luxury suites. Its promoters say they are keen to merge Mumbai’s personality in the Bandra Bellagio’s architecture.

MGM will also bring in Skylofts, which are serviced apartments. DNA Money had first reported Maker Maxity’s plans to bring in the Bellagio hotel in June last year. The hotels are expected to be operational in 3-4 years from the time work starts.

Gamal Aziz, CEO of MGM Hospitality, said the location’s proximity to the central business district, the entertainment industry and affluent residents provides a perfect setting for the confluence of energy, indulgence and luxury that the hotels will bring to the destination. “It is a huge milestone in our strategy to extend our brand reach in the Indian hospitality market,” he said.

Officials of the joint venture did not respond to DNA’s mail. Calls made to Rishi Kapoor, vice-president — India development, for MGM, remained unanswered.

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