The YOHO Treasure Island Hotel has officially opened late last week, providing 600 rooms and multiple retail brands, following a number of delays.
The property has also opened the first-ever Bona International Cineplex in Macau and the Galeries Lafayette department store in Macau, located inside YOHO Shopping Centre.
As the hotel begins its soft opening and the mall reaches nearly 90% occupancy, the site offers a collection of over 100 international and niche brands, including more than 10 exclusive “First in Macau” brands. The cross-brand area, “EDIT by Galeries Lafayette,” showcases emerging brands, further expanding the fashion options within Macau.
Previously, JLL – the leasing agent – said that it sees this opening as a positive sign for the presently sluggish retail market in Macau.
Oliver Tong, general manager of JLL in Macau and Zhuhai, stated, “The full reopening of the mainland and Macau borders, alongside the significant rebound in mainland visitors to Macau, is expected to drive foot traffic and sales at YOHO Resorts World Shopping Centre.”
The resort project initially had the completion set date for June 2022, but has also suffered several construction delays due to the pandemic.
The property covers an area of 8,100 square meters with a total construction cost of about MOP4.7 billion.
The original design was a “hotel + casino” project, but it was transformed into a “hotel + shopping mall” project after gaming and tourism company Genting Hong Kong Limited sold its stakes to a company owned by local real estate businesswoman, Ao Mio Leong.
Additionally, Bona Film Group has constructed the Bona International Cineplex in Macau. To commemorate its debut, the cinema hosted an event called the “Bona Film Group Movie Screening Event.” The event offered free screenings of eight well-known Bona films, including acclaimed titles such as “Bursting Point,” “The Battle at Lake Changjin,” “Operation Mekong,” and “Flying Swords of Dragon Gate.” Staff Reporter
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