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Galaxy pays millions for Cotai resort site.
Saturday, 26th September 2009
Source : HVS International
Macau's Galaxy Entertainment Group (Galaxy) is expected to pay approximately US$366 million for a 440,400-square-metre land plot on Cotai, Macau.

Galaxy intends to develop an approximately US$1.3 billion casino resort which is expected to feature three hotels, including a 1,500-key Galaxy-branded hotel, a 400-key Okura hotel and a 254-key Banyan Tree hotel.

Significant construction for the mega resort on Cotai, which occupies a third of the total site area, has been completed.

The resort is reported to debut earliest by end of 2010.  

www.hvs.com
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