The Macau Metro Monitor, March 24, 2011
SANDS CHINA IN TALKS WITH INTERCONTINENTAL TO MANAGE COTAI HOTELS WSJ
Sands China is talking with InterContinental Hotels to manage two hotel towers at parcel 5 on Cotai. Earlier, Sands had terminated a management contract with Shangri-La Asia to operate those hotels. No details on why the agreement was terminated but it was resolved amicably. “The termination of the Shangri-La management agreement will not have any impact on the company’s operations, ”Sands China ensured, adding that the company remains committed to its timeline of opening the first phase of parcels 5 and 6 by the end of 2011.
The Sands China’s management agreement with Starwood Hotels to operate the hotels on parcel 6 under its Sheraton and St. Regis brands remains in place, the company added.