The Jumeirah Group has signed a management agreement with Shun Tak Holdings Limited to operate a new five-star deluxe hotel in the Cotai area of Macau.
Scheduled for completion in 2013, The Jumeirah Macau Hotel is the third management agreement Jumeirah has signed in China, following the Jumeirah HanTang Xintiandi scheduled to open in Shanghai in 2009, and Jumeirah Guangzhou Hotel (2011).
“This major project came about at a time when some market players are uncertain about the future. Shun Tak’s view of the Macau economy is long term. We remain positive that its fundamental is strong and sound, and will continue to invest in its future, trusting that it will be one of the first destinations to recover from the recent market adjustments.” said Pansy Ho, Managing Director of Shun Tak.
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