STOCK TITAN

Studio City home to UNESCO architecture and design award’s most beautiful hotels in the world

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Melco Resorts & Entertainment's Studio City has been recognized by UNESCO's Prix Versailles as one of the World's Most Beautiful Hotels. The award was given to W Macau – Studio City, a USD 1.2 billion development designed by Zaha Hadid Architects. This marks the third time Melco has received this honor since 2019, showcasing its dedication to creating culturally significant landmarks. The award highlights the hotel’s innovative architecture and commitment to sustainability, aligning with Macau's growth as a global leisure and tourism hub.

Positive
  • Studio City’s W Macau received UNESCO's Prix Versailles award, enhancing its global prestige.
  • Melco has won the Prix Versailles award for the third time since 2019, underscoring its sustained excellence in architecture and design.
  • The USD 1.2 billion W Macau development showcases innovative architecture by Zaha Hadid Architects.
  • The award aligns with Melco’s commitment to sustainable development in Macau, boosting regional tourism.
Negative
  • None.

Joining City of Dreams as Melco’s second IR honored by Prix Versailles

Studio City home to UNESCO architecture and design award’s most beautiful hotels in the world

MACAU, July 12, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment’s Studio City is home to one of the World’s Most Beautiful Hotels according to UNESCO’s World Architecture & Design Award, the Prix Versailles. Awarded to W Macau – Studio City located at the cinematically themed resort Studio City, the property joins City of Dreams to become Melco’s second integrated resort to garner the accolade. W Macau – Studio City is among 16 recently opened or reopened hotels that have left an extraordinary imprint, according to Prix Versailles.

Opened in September 2023, W Macau – Studio City is housed in the newly added USD 1.2 billion complex of Studio City designed by the renowned international architecture firm Zaha Hadid Architects (ZHA). The development by Melco further complements Studio City’s existing offerings and features a modern interpretation of the rich detailing, bold geometries and craftsmanship of the Art Deco period. The project further demonstrates the Company’s pledge to supporting Macau's sustainable growth as a world center for leisure and tourism.

Mr. Lawrence Ho, Chairman & CEO of Melco Resorts & Entertainment, said, “We are honored and humbled to receive the esteemed Prix Versailles by UNESCO for the third time since 2019. The prizes underline Melco’s dedication to creating iconic and culturally significant landmarks – showcasing our commitment to Macau and the Greater Bay Area’s sustainable development. Thank you to the Prix Versailles for the honor, and congratulations to the W, ZHA and Studio City teams on the wonderful achievement. We will continue to strive to position ourselves as a global premium brand and to raise the bar in luxury hospitality by offering the best in innovative and world-class offerings.”

Jérôme Gouadain, Secretary General of the Prix Versailles, said, “Through their architecture and their design, the World’s Most Beautiful Hotels elevate the links between culture and tourism. On the one hand, culture provides finesse, elegance, updates to ancient techniques and diverse shapes, forms, textures and colors, not to mention curiosity, which is the hallmark of a destination. On the other, tourism showcases cultural assets, encourages visitors to discover new people and places, and brings knowledge to life. The World’s Most Beautiful Hotels are ambassadors for intelligent, sustainable tourism rooted in culture.”

Presented each year at UNESCO since 2015 and focused on recognizing exceptional architecture and intelligent sustainability, the Prix Versailles is a series of architectural competitions that shine light on the finest contemporary projects around the world. The Official List is aligned with Prix Versailles’ awarding principles – paying tribute to innovation, creativity, reflections of local heritage, ecological efficiency and the values of social interaction and participation – all of which the United Nations holds in high regard.

In 2019, City of Dream’s Morpheus became the first hotel in Macau to win a Prix Versailles regional award in the Hotels, Central and Northeast Asia category. Last year, Morpheus was recognized as one of the World's Most Beautiful Hotels by Prix Versailles. W Macau – Studio City’s latest achievement is the third time for Melco to receive the coveted worldwide architecture and design award accolade from UNESCO.

About Melco Resorts & Entertainment Limited

Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau (www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus (www.cityofdreamsmed.com.cy). The Company also continues to operate three satellite casinos in other cities in Cyprus (the "Cyprus Casinos”). For more information about the Company, please visit www.melco-resorts.com.

Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications,
Melco Resorts & Entertainment
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com

A photo accompanying this announcement is available at: 
https://www.globenewswire.com/NewsRoom/AttachmentNg/fc550dd4-da03-4487-8c6d-36956e505bbd


FAQ

What award did Studio City’s W Macau win in 2024?

Studio City’s W Macau won UNESCO's Prix Versailles award in 2024, recognizing it as one of the World's Most Beautiful Hotels.

What is the significance of Melco winning the Prix Versailles for the third time?

Winning the Prix Versailles for the third time highlights Melco's consistent excellence in creating iconic and culturally significant architectural landmarks.

Who designed the W Macau – Studio City?

The W Macau – Studio City was designed by the renowned international architecture firm Zaha Hadid Architects.

How much did the W Macau – Studio City development cost?

The W Macau – Studio City development cost USD 1.2 billion.

What impact does the Prix Versailles award have on Studio City?

The Prix Versailles award enhances Studio City's global prestige and underscores its commitment to innovative architecture and sustainable development.

Studio City International Holdings Limited American depositary shares, each representing four

NYSE:MSC

MSC Rankings

MSC Latest News

MSC Stock Data

1.35B
770.35M
24.13%
20.53%
0.01%
Resorts & Casinos
Consumer Cyclical
Link
United States of America
Central