MILAN — A new Palazzo Versace is to open in Macau, the first in Asia and the first five-star, designer-branded hotel in the former Portuguese colony.
This story first appeared in the August 21, 2013 issue of WWD. Subscribe Today.
Gianni Versace SpA and Sociedade de Jogos de Macau SA, or SJM, have inked an agreement to open a hotel within the latter’s casino resort in Cotai, Macau.
Additional information will be provided during a press conference scheduled on Sept. 5 at the Grand Lisboa Hotel in the Chinese city.
Gian Giacomo Ferraris, chief executive officer of Versace, pointed to the “experience and prestige” of SJM. “The hotel and interior-design sector are very important for us, as they are part of the history of our brand,” said Ferraris, underscoring Versace’s “specific know-how” in this division, citing other company projects in Australia and Dubai. “We are firmly engaged in developing this sector and, leveraging this period of strong development for Versace, we continue to evaluate new opportunities in various parts of the world.”
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SJM, which is controlled by SJM Holding Ltd., is publicly listed in Hong Kong.
In 2000, a Palazzo Versace opened on Australia’s exclusive Gold Coast tourist strip of Queensland with Australian property developer Sunland Group Ltd. — a six-star hotel with 205 rooms and 72 condominiums decorated in typical Versace style, with neoclassical furniture, fountains, statues and marble floors.
A Palazzo Versace is also expected to open in Dubai in the second half of 2014.