Starwood Hotels & Resorts Worldwide will operate a new 1,200-room Sheraton hotel and a new 300-room St. Regis hotel in the Cotai area, touted by Las Vegas Sands as Macau’s version of the Las Vegas Strip.
The value of the agreement wasn’t disclosed. The hotels will form a complex that will house a casino and other shopping and entertainment facilities, all of which will be operated by Las Vegas Sands.
Starwood now has 22 hotels and resorts under development in mainland China under its various brands. Las Vegas Sands is among the two new casino operators granted licenses in Macau since 2002 when the local government ended a four-decade monopoly held by gaming mogul Stanley Ho.
The U.S. company, which operates the Venetian Casino Resort in Las Vegas, opened the Sands Macau casino in May 2004 and is building its flagship property, The Venetian Macau. It has previously announced other hotel projects in the Cotai Strip with various chains, including Shangri-La Asia and Four Seasons.