First Karl Lagerfeld Hotel to open in Macau
Sociedade de Jogos de Macau, S.A. (“SJM”) and Karl Lagerfeld announced that they have entered into a binding Memorandum of Understanding for the Karl Lagerfeld Hotel atLisboaPalace, SJM’s destination resort in Cotai, Macau.
The luxury hotel will be the first in the world fully designed by Karl Lagerfeld, one of the most influential and iconic designers. Expected to open in 2017, the Karl Lagerfeld Hotel will comprise up to 270 guestrooms and suites in a 20-storey exclusive tower as part ofLisboaPalace.
Dr. Ambrose So, Chairman of the Board of Directors of SJM, commented, “We are excited to collaborate with Karl Lagerfeld, a multi-talented and visionary designer, to introduce the first Karl Lagerfeld Hotel. Together with Palazzo Versace Macau and our own Lisboa brand, our destination resort will become a hub of luxurious accommodation. This partnership further demonstrates Sino-western cultural interchange which has a long tradition inMacau.”
Mr. Pier Paolo Righi, CEO and President of Karl Lagerfeld Group BV, added, “This project is an important milestone in the development of our brand and business globally and specifically in Greater China, where we embarked with our organization last year and have opened 5 Karl Lagerfeld stores recently. We are proud that the very first Karl Lagerfeld Hotel opens in this so important and fascinating region.”
Scheduled to open in 2017, Lisboa Palace will comprise a full range of non-gaming facilities including around 2,000 hotel rooms housed in The Lisboa Palace Hotel, Palazzo Versace Macau and Karl Lagerfeld Hotel, as well as a number of Michelin-starred restaurants, a themed retail mall with further food and beverage options, a wedding pavilion and a multi-purpose theatre for celebrations and events. The resort will provide up to 700 gaming tables and over 1,200 slot machines.