Wynn Resorts announced a new integrated resort development in Ras Al Khaimah, UAE. This is a joint venture partnership with RAK Hospitality Holding LLC and Al Marjan Island LLC. Wynn Resorts has a 40% equity ownership in the development. This resort is estimated to open in the first quarter of 2027.
The new $3.9 billion hotel consists of 1,500 rooms, suites and villas, 120,000 square-feet of retail space, 100,000 square-feet of conference and meeting space, and a theater. Total gross floor area of the property is estimated to be 5.6 million square-feet, in which the gaming area comprises 4%. The site also provides 115-acre for future long-term development.
In comparison, the property gross floor area of Wynn Las Vegas is 10.7 million square-feet, in which the gaming area comprises 2%. The Las Vegas property has 34 food and beverage outlets.
