HONG KONG, April 26, 2012 /PRNewswire/ -- Marriott International, Inc. (NYSE: MAR) and Galaxy Entertainment Group (GEG) today announced they have signed long-term management agreements for more than 1,300 rooms, suites and floating villas at two landmark luxury hotels operated by Marriott International brands to anchor the second phase of the Galaxy Macau™: The Ritz-Carlton, Macau and the JW Marriott Hotel Macau.
The two hotels are expected to be Marriott International's first in Macau. The company expects to open a hotel a month in China over the next three years. At the end of the first quarter, Marriott's pipeline of hotels either under or approved for construction in China was 54 hotels and 17,000 rooms.
Galaxy Macau has established itself as the key leisure and resort destination in Macau offering three world-class hotels and more than 55 restaurants, cafes, bars and lounges in Phase 1 of their Macau development. The addition of the first all-suite Ritz-Carlton hotel and what will be the world's largest JW Marriott hotel when it opens in Phase 2 of Galaxy Macau will establish a strong presence for Marriott International in this key destination."We are very excited to be launching our brands in Macau," said Simon Cooper, president and managing director Marriott International, Asia. " Macau is a compelling and dynamic market and we have invested a great deal of time identifying the right partner and property for The Ritz-Carlton and JW Marriott hotels. GEG and the Lui family are bold innovators who understand the market and their customers intrinsically; for us they are the perfect partners. "We fully subscribe to GEG's 'World Class, Asian Heart' philosophy which resonates with Marriott International's core values and The Ritz-Carlton hallmark Gold Standards. China is our second largest market outside North America and opening two of our premier brands on the same site in such a fast growing market is a major commitment, underscoring our confidence in both Macau and Galaxy." "To complement Phase 1's exceptional hotel offering we are extremely pleased to be introducing Marriott International's globally recognised luxury hotel brands including the first ever all-suite The Ritz-Carlton and the world's largest JW Marriott upon completion in 2015," said Dr. Che-woo Lui, Chairman of GEG. "Marriott International's core values and The Ritz-Carlton hallmark Gold Standards underpinned by a strong understanding of Asian customers' tastes and preferences complements Galaxy's 'World Class, Asian Heart' service philosophy."
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