MGM China has opened MGM Shenzhen Prince Bay, adding another mainland property as the company expands its hospitality operations beyond its Macau casino resorts.
The 298-room hotel is located in Prince Bay in Shenzhen’s Shekou area, near the Shekou Cruise Home Port. The location places the property within the Guangdong-Hong Kong-Macao Greater Bay Area, where MGM China is seeking to broaden its hospitality presence.
MGM Shenzhen Prince Bay includes ocean-view rooms and suites, five restaurants and bars, a fitness center and heated swimming pool. It also has more than 3,000 square meters of meeting and event space.
The opening comes as MGM China increases its exposure to the mainland hospitality sector. The company recently completed its US$20m acquisition of MGM Asia Pacific, giving it full ownership of a hotel management platform previously controlled by its parent, MGM Resorts International.
The acquired business manages eight hotels across mainland China and has another 12 projects under development. It operates under a light-asset model, generating revenue from hotel management fees and other services rather than owning the underlying properties.
MGM China funded the acquisition through internal resources. As the seller was indirectly owned by MGM Resorts International, the deal was classified as a connected transaction under Hong Kong listing rules but did not require independent shareholder approval.
The operator has also made changes to its leadership as it integrates the hospitality business. Executive Director Jeny Lau took over as Chief Financial Officer on August 1, with responsibilities spanning financial reporting, treasury, budgeting and investor relations.
The Shenzhen opening adds to MGM China’s efforts to diversify its operations while extending its presence across Greater China.
MGM China's hospitality platform has another 12 mainland projects under development
