KARL LAGERFELD's first hotel to be developed in Macau by SJM
(Macau, 6 March 2014) – SOCIEDADE DE JOGOS DE MACAU, S.A. (“SJM”) and KARL LAGERFELD GREATER CHINA HOLDINGS LIMITED (“KARL LAGERFELD GREATER CHINA”) announced that they have entered into a binding Memorandum of Understanding for the KARL LAGERFELD Hotel at Lisboa Palace, 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 of Lisboa Palace.
The Memorandum of Understanding was signed on 5 March in Paris, France by Mr. Karl Lagerfeld, Ms. Veronica Chou, Director of KARL LAGERFELD GREATER CHINA, Ms. Angela Leong, Managing Director of SJM and Mr. Louis Ng, Director and Chief Operating Officer of SJM.
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 in Macau.”
“I am very happy and proud to work on such a great project: An entire hotel designed by me. It's the first time for me! I think the idea is great!” said Mr. Karl Lagerfeld.
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.