The topping-out ceremony was held recently by Melco for its US$1.3 billion Cotai expansion project. Studio City Phase 2 will offer approximately 900 additional luxury hotel rooms and suites in two towers, Asia's largest indoor/outdoor water parks, a Cineplex, fine-dining restaurants, MICE space and new gaming areas. The project is expected to open in December 2022.
“We will focus on entertainment and diversification, family-oriented amenities. The past summer we opened our water park in Studio City Phase 1, with Phase 2 to be a continuation of this entertainment focus,” said Lawrence Ho, Chairman and Chief Executive of Melco Resorts & Entertainment.
“The expansion project comprises two new luxury hotels, we've always gone the extra mile for non-gaming facilities, we have the world's largest indoor waterpark and cineplex, we are working on indoor kids play zone and will renew one of our streets to turn it into Asia's largest shopping street,” added Ho.
Studio City Phase 2 was designed by Zaha Hadid Architects, the same firm that designed Morpheus at City of Dreams Macau and co-designed Melco's Yokohama integrated resort concept, will include the same focus on art deco elements and sustainable construction options.
As for Studio City Phase 1, Melco is planning to spend approximately US$30 million to renew its Beverly area, add new restaurants, retail, and entertainment options. According to news report, Melco International Development Ltd, the parent company of Melco Resorts & Entertainment, has also recently won a joint bid with Hong Kong-listed Agile Group to develop a multi-billion dollar mixed-use residential, entertainment hospitality complex in Zhongshan, Guangdong Province. The executive director of Melco International Clarence Chung indicated that the project was part of the group's plans to expand in the Greater Bay Area and Hengqin, with the theme park to include Melco's brand.