MGM Couples With Suning To Build Shanghai Bellagio

Law360, New York (February 21, 2012, 4:19 PM EST) -- MGM Resorts International has teamed up with Chinese real estate company Suning Group to develop the Suning Bellagio Shanghai Bund hotel in an effort to take advantage of China's growing hospitality industry, MGM said Tuesday.

MGM's Diaoyutai MGM Hospitality Ltd. entered into a joint agreement with Suning subsidiary Suning Real Estate Group to develop the boutique hotel, which will be significantly smaller than MGM's $1.6 billion Bellagio Las Vegas.

The 200-room Suning Bellagio will be located on land owned by Suning on the Shanghai Bund, a...
To view the full article, register now.