MGM Grand Tianjin Luxury Condo Hotel In China Announced By MGM Mirage

MGM Las VegasMGM Grand Tianjin luxury condo hotel in China announced by MGM Mirage.  The first nongaming hotel project in mainland China with jv partner expects to start groundbreaking in several weeks.  The location is projected to cash flow $200 million annually.

The development is a first announced collaborative deal between MGM Mirage Hospitality, subsidiary of MGM Mirage, and Diaoyutai State Guesthouse.  MGM will provide the development and management for the mixed use real estate project in Tianjin, China named Sinosteel International Plaza.

This could be a potentially good play for MGM with very high margin cash flow.  The hospitality group could become a separate company in the future for higher stock valuation.

Foreclosures What makes Tianjin so exciting is it is a port city in Northern China and the gateway city to Beijing with 10 million in population.

The joint venture with MGM Mirage will let them use their expertise in development, management and worldwide brand.

Two phases of the real estate development will include office, hotel, conference and residential parts.  Some amenities planned are 60 condo residences, 50 suites, restaurant and a spa within the MGM Grand Tianjin’ 350 luxury hotel rooms.

Major markets in China expect similar real estate deals.

Call 702-505-6988 for VIP real estate representation by a real estate agent.

MGM Grand Tianjin luxury condo hotel in China announced by MGM.

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