The gaming giant on Tuesday announced its latest push to spread its name around the world, this time through a partnership to build an MGM Grand nongaming luxury hotel near Cairo, Egypt.
MGM Grand New Giza will be a 550-room hotel that will be part of a 1,500-acre master-planned community.
The community will include homes, three hotels, restaurants, shopping malls, golf courses and other sports facilities.
The luxury hotel will have views of the city of Cairo and the pyramids of Giza and will be connected via electric train to the new Egyptian antiquities museum currently under construction.
Construction of the project, which is expected to open in 2013, will be financed by New Giza for Real Estate Development Co. Cost of the project was not available.
MGM Mirage will provide management services and license the MGM Grand name to the hotel through its subsidiary MGM Mirage Hospitality.
The Egyptian property will be the 10th MGM Grand-branded property in the company’s portfolio.
The company owns the MGM Grand on Las Vegas Boulevard and MGM Grand Detroit. It also has a licensing agreement with the Mashantucket Pequot Tribal Nation, which owns and operates the MGM Grand at Foxwoods in Connecticut.
The company also owns and operates the MGM Grand Macau (pictured above) in a 50-50 partnership.
MGM Grand properties are in various stages of development in Vietnam, Dubai, Abu Dhabi and China, where the company has agreements to build two.