Hard Rock is closing its operations at Resorts World Sentosa (RWS) casino resort owned by Genting Singapore Ltd. The popular Singapore resort is working on the planned expansion, and a lot of changes will be made when it comes to operations.
The End of Hard Rock Hotel Singapore:
The property promoter stated on its website: “As of March 2, 2024, the Hard Rock Hotel Singapore will no longer operate under the Hard Rock brand name. This hotel will undergo a complete makeover as part of Resorts World Sentosa’s expansion plans, which will see a dramatic transformation of the integrated resort over the coming years.”
Hard Rock Hotel Singapore was opened at the end of January 2010 and it was a part of the famous Resorts World Sentosa. The hotel has 360 rooms, and after the opening, it was one of the six hotels at the property. It is worth US$112 million.
The visitors will be able to book rooms for Hard Rock Hotel Singapore until March 1. After that, all bookings will be transferred to a similar room at the new property Hotel Ora, and the prices will remain the same.
According to Genting Singapore, the Hard Rock property is closing to let the new, luxury hotel open at the property.
Expensive renovations to invest in the company’s bright future:
Genting Singapore agreed upon renovations in November when the board approved a huge investment of SDG6.80 billion, or US$5.06 billion to renovate and expand the Resorts World Sentosa property. Commenting on the invested amount, the company claimed that the funds are “amounts which have been spent and the remainder to be invested over the next eight years.”
According to GGRAsia, the expansion has been planned since the company submitted to the Singapore authorities an SGD4.5 billion pledge for the property’s expansion, called RWS 2.0.
The authorities approved the so-called Waterfront development, and under the provisional permission, the company is obligated to begin the construction this year.
Once finished, the property on the Waterfront will contain 700 luxury hotel rooms enriched with biophilic architecture. The designer is Benoy, a famous international architecture company.
It is expected that the soft opening will be celebrated in 2025.
This expansion is another one in a row of successes Genting Singapore has been experiencing recently. After the revenue tripled, according to the report released in August 2023, the company decided to expand to other Asian markets, so it is expected to bid for a license in Thailand. On top of that, the company’s profit increased by 60% during the third quarter of 2023.
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