Industry Update
Press Release21 November 2014

The Diaoyutai Boutique Chengdu Pairs China's Fabled Diaoyutai State Guesthouse with MGM Resorts

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Diaoyutai MGM

China's fabled Diaoyutai State Guesthouse and American hospitality giant MGM Resorts International today officially opened The Diaoyutai Boutique Chengdu in the capital of Sichuan province in Southwest China. The partners collaborate in China together through Diaoyutai MGM Hospitality, Ltd. and have previously opened the MGM Grand Sanya in Hainan Province.

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The luxury boutique hotel styled by legendary French designer Bruno Moinard is in the heart of Chengdu's historic Qing Dynasty quarter "Kuanzhai Alley." The complex is designed around two courtyards and features 45 elegant guestrooms, four restaurants and lounges and an exclusive club. It features the elegant state level service of Diaoyutai State Guesthouse.

At the opening ceremony, Director General of Diaoyutai State Guesthouse, Ambassador Zhang Junsai said: "We are delighted to collaborate with MGM Resorts International to launch The Diaoyutai Boutique Chengdu. The hotel brings Diaoyutai style, and our model of international cooperation with MGM, to a wonderful new hotel in a truly international Chinese city."

Chairman and Chief Executive Officer of MGM Resorts International James J. Murren said: "Our partnership with Diaoyutai State Guesthouse reflects MGM's commitment to doing business in China. We are thrilled to open our first Diaoyutai hotel together, and look forward to a broadened cooperation."

William M. Scott IV, the Executive Director and General Manager of Diaoyutai MGM Hospitality, said: "The Diaoyutai Boutique Chengdu is a milestone event for our company, and in our vision to combine our partners' hospitality heritages through unique luxury hotels, residences, retail and entertainment experiences."

Even before it's official opening, The Diaoyutai Boutique Chengdu has collected several prestigious travel industry awards. The Hotel was named "Best Boutique Hotel in China" by TTG China and ranked among Asia's "HOT 25 Leisure Hotels" by Smart Travel Asia. China Hotel Golden Horse Awards awarded it "Most Distinctive Boutique Hotel" and "Most Prominent State Banquet Restaurant." Golden Horse also named Diaoyutai MGM Hospitality "China's Best Innovative Hotel Group" and selected MGM Grand Sanya as one of Asia's "Top Ten Resort Hotels".

About The Diaoyutai Boutique Chengdu

The Diaoyutai Boutique Chengdu is conveniently located on Kuanzhai Alley, just 35 minutes from the Chengdu Shuangliu International Airport. Designed by legendary French designer Bruno Moinard, the hotel features 45 unique rooms and suites. Fine dining is headlined by the Royal Court and State Banquet restaurants - serving Diaoyutai's famous state level cuisine, and KZ Restaurant & Grill - featuring pan-Asian cuisine. The Hotel's refined facilities include the Diaoyutai Club, the Fangfei Garden Lobby Lounge, the KZ patisserie and a luxurious retail boutique. For more information, please visit www.dytchengdu.com

About Diaoyutai MGM Hospitality, Ltd.

Diaoyutai MGM Hospitality is a joint venture between Diaoyutai State Guesthouse of China, the highest standard service venue for hosting foreign heads of state, and MGM Resorts International, the top global luxury hotel group. The company is committed to combining the brand advantages of its parent companies to create unique luxury hotels, residences, retail and entertainment experiences. For more information, please visit www.dytmgm.com

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