“We’d like to build more hotel inventory than we have already announced,” said Daniel Briggs, Senior VP of investor relations for the group, some months ago. “We will see if we get permission to do that,”
If Sands China was the first to build on Cotai, it does not want to be the first to finish. Thus, last year the company revealed that some US$1.1 billion would be invested in Sands Cotai Central and Four Seasons, with most of the investment allocated to the “expansion, renovation, and re-branding” of Sands Cotai Central – a project expected to be completed by 2020 – with the remainder to be used to build the new Four Seasons Hotel Tower Suites (295 suites planned). The Sands Cotai Central redevelopment will also include the addition of 350 new luxury suites, named St. Regis Tower Suites.
Renovation on Sands Cotai Central began recently and is expected to take between 18 and 24 months. The property will be re-branded The Londoner Macau, bringing to Cotai some of the English capital’s most recognisable landmarks.
The development of the new tower of the Four Seasons Hotel will be completed earlier than the slated redevelopment of Sands Cotai Central into the new integrated resort, with Sands China Ltd. President Wilfred Wong telling Macau News Agency earlier this year that: “It will probably come a little bit earlier than The Londoner because it is separate. [Four Seasons’ extension] doesn’t have to wait for a lot of amenities and infrastructure that would have to go into The Londoner.”
More recently, Adelson elected to double the US$1.1 billion, saying: “We remain supremely confident in the future opportunity in Macau and have therefore elected to meaningfully increase the scale of our investments in the Four Seasons Tower Suites Macau, St. Regis Tower Suites Macau, and The Londoner Macau, which will now total US$2.2 billion in investment through 2021.”