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MBS gets green light to expand, build fourth tower
The Straits Times
|January 30, 2024
It will add 153,100 sq m of hotel space over 587 rooms in bid to boost tourism appeal
Marina Bay Sands (MBS) has received approval from the authorities to develop a fourth tower, paving the way for a planned expansion of the integrated resort to be carried out.
According to the Urban Redevelopment Authority's (URA) data for commercial projects with development approvals as at the end of the fourth quarter of 2023, MBS was given the green light for a hotel and retail development next to its current three towers on an empty plot that is flanked by Bayfront Avenue, Sheares Avenue and Sheares Link.
URA's data, released on Jan 26, indicates that the new tower will have 153,100 sq m of hotel space over 587 rooms and 12,185 sq m of retail space.
MBS previously announced in April 2019 that its fourth tower would house 1,000 all-suite rooms.
Asked about the discrepancy in room numbers, MBS declined to give more information.
The integrated resort, which opened in April 2010, currently has a gross floor area of 581,400 sq m, including about 1,850 rooms and suites and about 74,000 sq m of retail and dining space.
On Jan 24, parent company Las Vegas Sands (LVS) said in its earnings presentation for the fourth quarter of 2023 that "the budget and timing of the MBS expansion are subject to revision based upon the impact of the Covid-19 pandemic and other factors".
Diese Geschichte stammt aus der January 30, 2024-Ausgabe von The Straits Times.
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