Resorts World Sentosa to open new luxury hotel in Q3
The Laurus will have 183 suites, courtyard spaces and a function room.
Singapore.- Resorts World Sentosa (RWS) has announced that The Laurus, a new luxury hotel resort developed with Marriott International, will open in the third quarter of the year. Part of The Luxury Collection Hotels & Resorts, it will replace the Hard Rock Hotel which closed on March 2, 2024.
The hotel will have 183 suites, courtyard spaces, a function room, an outdoor swimming pool and spa, bar and an all-day concept restaurant.
Tan Hee Teck, CEO of RWS, said: “Our landmark collaboration with Marriott International to bring the very first The Luxury Collection branded property to Singapore further exemplifies our commitment to redefine luxury guest experiences. The Laurus, a Luxury Collection Resort, embodies the very essence of our ongoing pivot to offer curated destination experiences as part of RWS’ transformational expansion plans.
“We are thrilled to invite guests to immerse themselves in Singapore’s rich heritage, reconnect with the captivating beauty of Sentosa’s lush flora and fauna while experiencing RWS’ hallmark hospitality, defined by unparalleled sophistication, outstanding quality and innovation.”
In March, RWS announced that Weave, a new lifestyle and retail area, will open in the second half of 2025. It will feature over 40 lifestyle and premium brands, including several new dining options that will be new to in Singapore. Covering three connected levels and 20,000 square meters, it doubles the size of the former Forum at RWS. The company says the name reflects a weave pattern in the architecture.
Genting Singapore unveiled its expansion plans in 2019. Dubbed RWS 2.0, the first phase began in the second quarter of 2022. Key components include the expansion of Universal Studios Singapore and the transformation of the S.E.A. Aquarium into the Singapore Oceanarium.
The company reported a 5 per cent increase in revenue in 2024 to SG$2.53bn (US$1.90bn) while net profit declined 5 per cent in year-on-year terms to SG$578.9m (US$432.7m). Gross profit reached SG$836.1m (US$626m) down 5 per cent year-on-year.
RWS delivered adjusted earnings before interest, tax, depreciation and amortisation of SG$990.5m (US$742m) representing around 86 per cent of pre-Covid-19 adjusted EBITDA. Gaming revenue was SG$1.70bn (US$1.27bn), up 3.4 per cent year-on-year. Non-gaming revenue rose by 7.4 per cent year-on-year, to SG$826.1m (US$619m).
