Benzinga | Dec 22, 2021 06:46AM EST

Melco Partners With Marriott To Develop W Hotel In Macau

* Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) has entered into a strategic partnership with Marriott International Inc (NASDAQ:MAR) to bring the W Hotels Worldwide brand to Studio City Phase 2 in Macau.

* W Macau - Studio City is scheduled to be open together with Studio City Phase 2 in December 2022.

* The hotel will feature 557 guestrooms, including 127 suites and wellness facilities, a spa, fitness center, and indoor swimming pool.

* Studio City's hospitality offerings include indoor & outdoor water parks, a six-screen Cineplex, residency shows, and state-of-the-art MICE space.

* Price Action: MLCO shares closed higher by 9.99% at $9.91 on Tuesday.