YOHO Treasure Island Resorts World Hotel, the Macau peninsula development formerly owned by Genting Hong, has leased out 80% of its retail space while the hotel itself will open for a trial run this summer, according to real estate management firm Jones Lang LaSalle.
Located in Praça de Ferreira do Amaral, YOHO Treasure Island Resorts World Hotel is an 8,100-square-meter, 70-meter-high, 600-room hotel with a Resorts World Macau shopping mall among its key features. The development is due to open its doors to the public on 1 October 2023, having delayed its previous launch date of December 2022.
In a statement, Jones Lang LaSalle said that 80% of retail space in the Resorts World Macau mall has now been leased, reflecting retailers’ renewed confidence in the Macau consumer market.
“The completion of the mall has been well-timed, benefiting from the full opening of the border between the mainland and Macau, which has led to a rapid and significant rebound in mainland visitors to Macau,” it said. “The project’s occupancy rate has already exceeded 80%, and the remaining stores have received over-rental offers, with many of the retailers interested in renting the mall being internationally renowned fashion, jewelry and watch brands.”
Resorts World Macau is a five-storey shopping mall covering an area of nearly 400,000 square feet (37,160 square meters). The mall will incorporate a variety of facilities such as Chinese and Western restaurants, bars, cinemas, supermarkets and a children’s playground.
Among the brands to be featured within the mall are French premium department store Galeries Lafayette, UFC Gym, trendy toy store POP MART, sports apparel giant Under Armour, game center Beebeeland and burger brand Five Guys.
It had been suggested that Genting Group had previously wanted to incorporate gaming into the development should the opportunity arise, however Genting Hong Kong announced in 2021 the sale of 50% of its stake in Genting Macau, which in turn had owned 75% of Treasure Island Entertainment Co Ltd – the firm that was initially developing the hotel it had dubbed Resorts World @ Macau.
Genting Malaysia was also unsuccessful in its bid for a Macau gaming concession last year.
