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Type: Posts; User: ResortsAhoy

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  1. Thread: The Red Sea Project

    Post by: ResortsAhoy
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    The SAR14.120 billion (US$3.7 billion) loan for the Red Sea Project’s first tranche of hotels has financially closed. This means that the capital structure is now fully in place and developers can use the money for the hotels’ construction.

    Therefore, the facilities are now in place to fund 16 hotels all set to open by 2023. Fourteen of them will be on islands within an archipelago, while another two in the mainland, one in the desert and one in the mountains.

    So far, the known hotels include EDITION Hotels and St Regis from Marriott International. Fairmont Hotel & Resorts, Raffles Hotels & Resorts and SLS Hotels & Residences from Accor, a Grand Hyatt, Intercontinental and Six Senses from IHG Hotels & Resorts and a Jumeirah property.
    The upcoming Six Senses Hotel at the Red Sea Project:



    The colossal loan is a landmark moment for both the financial sector and the hotel sector as it marks the first Riyal-denominated Green Finance credit facility. Four banks were involved in the loan, those being banks are Banque Saudi Fransi, Riyad Bank, and Saudi British Bank, with Saudi National Bank acting as mandated lead arrangers.
    Source: https://www.hoteliermiddleeast.com/news/red-sea-project-green-loan-hotels-2030
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    Opening the end of 2023!

    The Fontainebleau Las Vegas casino resort is set to open in the fourth quarter of 2023, according to Fontainebleau Development, the developer of the project. Construction has begun on the luxury casino resort at 2777 S. Las Vegas Boulevard, which will clock in at 67 stories tall. The project will fulfill Fontainebleau Development’s long-term goal of having a property on the Las Vegas Strip.


    Along with Koch Real Estate Investments, Fontainebleau Development acquired the site for this project in February 2021. According to the press release, it is already 75% complete. Fontainebleau Development will be the only hotel operator on the property.
    Source: https://www.vegasslotsonline.com/news/2022/01/19/fontainebleau-las-vegas-casino-to-open-in-q4-2023/
  3. Thread: Resorts World Macau

    Post by: ResortsAhoy
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    Google Maps was updated at the end of last year but only part of the site was captured so there's a weird image now for the site, half built in 2021 and half not built from 2019. But it does give a good overview of the site locations and how much progress was made last year.





    Source: Google Earth
  4. Thread: Star Wars Resort

    Post by: ResortsAhoy
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    Concept art for the characters that will be onboard the ship.









    Source: https://thathashtagshow.com/2021/11/18/galactic-starcruiser-characters/
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    There's also a really cool drone flyover on here that won't embed but worth a watch. You can see it here... https://www.instagram.com/p/CYZZhJ1qgUM/
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    Fontainebleau Las Vegas, the long-gestating casino-hotel project on the north end of the Strip, has launched a new website.Visitors to FontainebleauLasVegas.com will find an animation highlighting amenities like music, swimming, dining and gaming.
    Source: https://news3lv.com/news/local/fontainebleau-las-vegas-launches-new-website

    The website has been mentioned before on this page but it does look like it's recently been updated.
    Source: https://www.fontainebleaulasvegas.com/
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    All six Macau casino operators have expressed support to the newly announced gaming law amendment bill.

    MGM China, Sands China, Wynn Macau, SJM Resorts, Melco Resorts & Entertainment and Galaxy Entertainment Group issued statements this weekend welcoming and backing the Government’s announcement, which indicates a maximum of six gaming concessionaires and a concession term of up to 10 years with a possible 3-year extension under exceptional circumstances.
    Source: https://www.macaubusiness.com/updated-all-gaming-operators-express-support-to-gaming-law-amendment-bill/
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    The drone shots are really quick so the screengrabs aren't the clearest but this place is looking great.







  10. Thread: Dubai Expo 2020

    Post by: ResortsAhoy
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    According to this report there was a conference held in Septemer 2021 where it was announced that the airport would be completed in October 2021 and begin testing on December 30th.



    Representatives of the Dara Sakor International Airport construction firm confirmed the two dates during the meeting with the State Secretariat of Civil Aviation (SSCA) on Tuesday 21 September.

    Covering an area of up to 4.5 hectares in Botum Sakor district, the US$350 million Dara Sakor International Airport project is being developed by the Chinese firm Tianjin Union Development Group (UDG).
    Source: https://construction-property.com/dara-sakor-international-airport-to-begin-operation-by-late-2021/
  12. Thread: Mandai Project

    Post by: ResortsAhoy
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  13. Thread: Rixos resorts

    Post by: ResortsAhoy
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    Concept art for the new Jeddah development



    The Rixos Obhur Jeddah will involve the upgrade and restyle of the current Makarem Annakheel Village, transforming it into luxury resort featuring a water park, swimming pools, as well as villas with private pools.

    It will be the first luxurious integrated resort in Jeddah, meeting increasing demand for this type of destination offering in the city.

    Located in Obhur Bay on the Red Sea, Rixos Obhur Jeddah will feature a private beach and 247 residential units, including 174 rooms and 73 villas, plus a Club Prive lounge, a fine-dining restaurant, a lounge bar, and two specialty beach restaurants.
    Source: https://www.businesstraveller.com/business-travel/2022/01/06/accor-to-open-saudi-arabias-first-rixos-branded-hotel/
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    There is a new Golf Club and Resort underway for Vladivostok. It will be approximately 51 minutes away from the casinos and will form part of the overall leisure offering of the area.



    LLC “Golf-Park DV” acquired the Vladivostok Free Port residency as a part of Eastern Economic Forum-2017.
    As a part of the investment project, “Golf-Park DV” plans the integrated construction of intellectual ecocity with a golf park in Nadezhdinsky district of Primorsky region. Total investments in the project will exceed 4,2 bln. rubles. When implemented, the project will create 273 new jobs.


    Among the unique features of the project the following may be noted:
    * The concept presupposes the creation of a unique for the Far-Eastern district resort, complex by the nature of the territory development and unique by the composition of services: golf, all-season resort;
    * the project is fully integrated into the strategy of socio-economic development of Primorsky region as the center of tourism industry of the Far Eastern region (prognosis — over 100 thousand tourists a year);
    * the concept generates employment for more than 200 permanent residents, and in seasonal peaks — up to 400 jobs additionally.

    Analysis of the economic effectiveness of the developed concept has shown that it is was not only efficient for the project’s owner, but also had a considerable effect on the economy of the region due to the significant volume of investments and creation of new jobs.






    Source: https://vlgolf.ru/en/about/
  15. Thread: Resorts World Miami

    Post by: ResortsAhoy
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    Plans for a monorail that will have a stop in Resorts World were re-submitted to the Miami-Dade County Planning office in December 2021.

    According to the newly submitted documents, the Monorail Transit Subdivision will consist of four tracts:

    Tract A – former Herald building bayfront land
    Tract B – proposed Monorail and Metromover platforms
    Tract C – current surface parking lots closer to the Omni
    Tract D – current surface parking lots closer to I-395





    Source: https://www.thenextmiami.com/plans-for-monorail-transit-subdivision-at-resorts-world-miami-submitted-again-to-county/
  16. Possible impact on the development of Suncity's Resort from the debts being called in relating to the arrest of Alvin Chau.

    It is unclear how such action will impact Suncity’s ongoing operations and development of integrated resorts. This three-way joint venture, which opened Hoiana in Vietnam last year, holds a majority share in Tigre de Cristal from Vladivostok Russia and is building a $1-billion integrated resort at Westside City Resorts World in Manila’s Entertainment City precinct.
    Suncity Group of Hong Kong, listed on the Hong Kong Stock Exchange, has indicated a possible change in control could be coming. The group holds interests and assets in integrated resort developments throughout Macau, Vietnam, Russia and the Philippines. However, the arrest of its former CEO, Alvin Chau, has virtually flipped the company upside down.
    Source: https://www.gamblingnews.com/news/suncity-may-see-ownership-change-as-creditors-come-calling/
  17. Posts
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    This new complex combining sports, hotels and leisure will begin to rise in Seoul, South Korea in 2023.



    The Hanwha Engineering & Construction (E&C) has been chosen as the preferred bidder to build a new sports and convention industry complex on some 350,000 square meters site near Jamsil Sports Complex in Seoul (South Korea) worth 2.1 trillion.The project aims to begin construction in the second half of 2023 after concluding an agreement in the first half of 2023.
    ‘THE DONG-A ILBO’ further stated that the Seoul Metropolitan Government plans to form a negotiating team as soon as possible and start negotiations with the preferred bidder from January next year at the earliest. The project is estimated to cost around 2.16 trillion won and the construction period is expected to be about six years.

    The project has been in the works since 2016 with an aim to build a multipurpose facility encompassing exhibition, convention, sports, and culture as well as hotels and commercial and business facilities. The preferred bidder has been selected after a comprehensive evaluation, including development plan, design/construction plan, operation plan, and public interest by the evaluation committee supervised by the Seoul Public Investment Management Service under the Seoul Institute.
    Source: https://www.coliseum-online.com/jamsil-mice-complex-construction-in-2023/
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    The Palms hotel is due to reopen in Spring this year.

    The incoming new owner has announced the Palms Casino Resort in Las Vegas is expected to reopen in spring 2022. The Nevada Gaming Commission has approved the San Manual Gaming and Hospitality Authority, an arm of the San Manuel Band of Mission Indians, as a licensee.
    San Manuel announced in May it would purchase the Palms from Station Casinos for $650 million in cash. The resort has been closed since March 2020, when COVID-19 prompted the shutdown of all gaming in Nevada.
    Source: https://news3lv.com/news/instagram/san-manuel-sets-spring-reopening-for-palms-in-las-vegas
  19. Thread: Resorts World Miami

    Post by: ResortsAhoy
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    It would seem the Alvin Chau arrests are also now affecting the Russian casino market.

    Summit Ascent loses second-non executive director in two weeks
    Summit Ascent Holdings said that Dr. U Chio Ieong has resigned effective immediately, becoming the second non-executive director to depart in two weeks. The Hong Kong-listed company said his departure was to “devote more time to his other business engagements." Last week, Philip Wong Pak Ling announced he was standing down for the same reasons. Summit Ascent is a unit of Suncity and operates the Tigre de Cristal resort in Russia’s Primorye gaming zone.
    Summit Ascent has strongly denied that Tigre de Cristal has played any part in seeking to lure in Mainland Chinese gamblers.
    Source: https://agbrief.com/news/russia/06/12/2021/summit-ascent-loses-second-non-executive-director-in-two-weeks/
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    More new tourism developments for Saudi Arabia.

    Marriott International has announced plans to open two luxury hotels in Saudi Arabia’s Diriyah. The properties will be located near the Unesco World Heritage site at At-Turaif, offering views of the historic town of Diriyah on the outskirts of Riyadh
    Marriott says the two hotels will be completed in 2022 and 2025 respectively. The design includes a luxury development and is part of a larger plan that would transform an eleven-square-kilometer swath of the town of Diriyah, 15 minutes outside the capital, in a mixed-use scheme promoted to be reminiscent of the typical Najdi architecture which dots the area first added to UNESCO’s list of World Heritage Sites in 2010.
    Source: https://archinect.com/news/article/150292303/saudi-arabia-plans-new-hotel-development-near-diriyah-world-heritage-site
  22. Thread: NEOM Saudi Arabia

    Post by: ResortsAhoy
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    A quick look at some of the construction village facilities and the road into the complex at NEOM.

  23. Thread: Dubai Expo 2020

    Post by: ResortsAhoy
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    Finland Pavilion - Dubai Expo

  24. Posts
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    The previous posts say that the resort was started in 2018 and expected to complete in 2021...

    This is Google Earth from April 2021 through to October 2021. There looks to have been no movement on the island in that time at all and certainly no signs of construction apart from the road which was constructed a few years ago now.

    October 2021


    October 2021


    April 2021


    Source: Google Earth Pro
  25. Thread: Dubai Expo 2020

    Post by: ResortsAhoy
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