Marina Bay Sands – one half of Singapore’s casino resort duopoly – announced on Tuesday that hotel room renovations had been completed, meaning the property now has a “full inventory” of approximately 1,850 rooms, including 775 suites.
It marked the complex’s “most significant milestone” in its US$1.75-billion multi-year refurbishment programme, according to the statement from Marina Bay Sands Pte Ltd, a unit of Las Vegas Sands Corp.
As of last week, about 1,480 rooms and suites (example pictured) under the ‘The Sands Collection’ branding had been “fully refreshed”, the update said.
Another accommodation brand under the revamp, the ‘Paiza Collection’, offers about 370 room keys, most of them for suites.
Marina Bay Sands had announced in November of the completion of work on its Paiza Collection of suites and luxury “residence” accommodation on the top floors of all three towers at the complex.
The Tuesday announcement noted the Paiza Collection includes: three- to four-bedroom units of the ‘Chairman Suite’, with amenities including 146-inch’ televisions, and karaoke facilities as well as “fully stocked” kitchens; the two-bedroom ‘Presidential Suite’, which has been fitted with golf simulator equipment; as well as the one-bedroom ‘Horizon Suite’, with spa facilities and private gym.
With the completion of the room renovations, Marina Bay Sands now has 775 suites, up from 180 prior to the rejig, according to the Tuesday statement and previous corporate materials.
The statement also mentioned that following the completion of work on the rooms, the US$1.75-billion reinvestment programme would next see the launch of Marina Bay Sands’ fully-owned and operated Cantonese restaurant ‘Jin Ting Wan’.
It is described as a 166-seat venue located at the complex’s Tower 1, and is due to open in July. Other refurbishments include ‘LAVO Italian Restaurant & Rooftop Bar’, within the second half this year.
Paul Town, chief operating officer of Marina Bay Sands was cited in the update as saying: “Our US$1.75-billion reinvestment programme represents our highest ambitions to usher in a new era of luxury hospitality.
“With the programme reaching substantial completion and the hotel room transformation crossing the finishing line, the stage is set for us to build on last year’s record earnings and soar towards greater heights.”
In the first quarter this year, Marina Bay Sands reported adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$605 million, with a margin of 52.0 percent, according to the Las Vegas Sands parent, which also controls Macau casino operator Sands China Ltd.
In the the three months to March 31, Marina Bay Sands reported a “property all-time record” in mass gaming revenue of US$778 million.
Patrick Dumont, president and chief operating officer of the parent, said on the first-quarter earnings call in late April, that the Singapore property’s “record financial results” for the period reflected the “impact of high-quality investment in market-leading product”.
