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Palazzo Versace to open in Macau

Italian fashion house Versace has partnered with Hong Kong based SJM holdings to open a hotel bearing the trademark “Palazzo Versace” as part of SJM’s integrated casino resort in Cotai, Macau (the only place where you can gamble legally in China). Palazzo Versace Macau will be the first luxury five star hotel in Asia, and the third in the world after one in Australia and another currently under construction in Dubai.

“We are excited to open a Palazzo Versace hotel in Macau, and we are delighted to partner with SJM, such a prestigious player in the industry” said Mr. Gian Giacomo Ferraris, Chief Executive Officer of Versace. “The hotel and interior design business is very important to us as it is part of the brand’s history and we have invaluable know-how coming from major projects in Australia and Dubai among others. We are committed to further develop this business and, as Versace is enjoying great momentum, we continue to evaluate new opportunities in various parts of the world.”

Commenting on the tie-up, Dr. Ambrose So, Chairman of the Board of Directors of SJM, said, “We are delighted to partner with Versace to bring their commitment to luxury and beauty to SJM’s resort project in Cotai, Macau. The combined expertise of Versace and SJM will create an unforgettable hospitality experience for Macau’s visitors which will enhance Macau’s role as a world-class leisure and tourism destination.”

The financial and design details are still a secret, we’ll keep you updated, so stay tuned.

[ Source : SJM Holdings ]