6 the World Of Hospitality
As the business owner of the Bellagio
Shanghai, Suning Real Estate will oversee
and co-manage the hotel’s operations
alongside the Chinese arm of MGM Resorts
International: Diaoyutai MGM Hospitality. The
deal reflects the importance that Suning, one
of the largest non-state owned enterprises
in China, is embarking on a new chapter of
diversified consumption scenarios and luxury
experience spaces.
Mr Zhang Jindong, Chairman of Suning
Holdings Group, says: “Bringing the Bellagio
to China demonstrates Suning’s expertise
and ambition not only in general retail
commerce but also to create the unique
experience for consumers by providing more
trendy and high-end products and services
through partnership with the world’s most
distinguished brands.”
Suning has big ambitions for the high-end
consumption development in China. For the
hotel scene the real estate group of Suning is
aiming to open 100 more luxury hotels and
become the country’s future flagship operator
in the hospitality industry. Along with the
Bellagio, the company has already opened
dozens of high-end hotels in partnership with
prestigious brands covering several 1st tier
and 2nd tier cities of the country.
Bellagio ShanghaI