Singapore's most famous tourist spot, Marina Bay Sands has planned on expansion by adding a fourth tower, adjacent to the already existing towers. This investment will cost approximately $3.3 billion dollars to attract a greater number of international visitors. The planning of building an all-suite hotel is also in progress. According to President and Chief Executive Officer of Marina Bay Sands, George Tanasijevich, the developments will target the “high-value international visitors”.
In the new all-suite hotel, Tanasijevich said that they are planning to offer the highest level of amenities, features and service standards. It will be located adjacent to the existing Marina Bay Sands Integrated Resort and the key elements of the modifications will be the art 15,000 seat arena. There will be an additional Meeting, Incentive, Convention, and Exhibition or MICE, along with the luxury hotel tower. The concert ticket prices in Singapore are among the highest in the world, making the number of potential customers less. The arena with 15 hundred seats will make the cost of tickets in synergy with the industry norms. This will, in turn, make the events more accessible, and greater number of people. The new arena is also suitable for MICE groups to celebrate big plenary sessions and large conference groups. This new set up will magnify the technical productions than the existing MICE which is currently in demand.
The current expectation of the budget for the developments in planning is nearly $3.3 billion dollars which is 4.5 billion in Singapore Dollar. The construction process and timeline are still not made public. The existing building of Marina Bay Sands was designed by Boston-based architect Moshe Safdie and Aedas and Gensler might also be part of the design elements of the construction. Presently, the hotel has three towers covered with the Sands Sky Park. It has more than 2,500 rooms and suites spread evenly on the building with 55 floors. Marina Bay sands are the biggest hotel in Singapore and also considered as the most Instagram-loving hotel in 2017. According to the Singapore Tourism Board data, this year, nearly 11.1 million international tourists flew to Singapore during the month of January and July out of which 8,59,003 Indians.
(inputs from PTI)