Financing for Wynn Al Marjan Island Completed
Wynn Resorts has secured a $2.4 billion construction facility for Wynn Al Marjan Island, the first integrated resort in the UAE. The seven-year loan, provided by a global syndicate of banks, represents the largest hospitality financing in UAE history. The facility is structured as a delayed draw facility in AED and USD currencies.
Construction progress is significant with 64% of structural concrete completed up to the 34th floor. The project will feature 1,542 rooms and suites, with 1,226 guest rooms (80%) already structurally complete. The exterior façade is 20% complete with 2,840 of 13,734 panels installed. The resort will include 22 restaurants and bars, a nightclub, beach club, luxury shopping, spa, 39,000 sq ft poolscape, and a 145,000 sq ft events center.
Located 50 minutes from Dubai International Airport in Ras Al Khaimah, the resort is being developed in partnership with Marjan and RAK Hospitality Holding, targeting a 2027 opening.
Wynn Resorts ha ottenuto una linea di credito per la costruzione dell'importo di 2,4 miliardi di dollari per Wynn Al Marjan Island, il primo resort integrato negli Emirati Arabi Uniti. Il prestito settennale, fornito da un sindacato globale di banche, rappresenta il finanziamento dell'ospitalità più grande nella storia degli Emirati. La linea di credito è strutturata come una facility a prelievo ritardato nelle valute AED e USD.
Il progresso della costruzione è significativo con il 64% del calcestruzzo strutturale completato fino al 34° piano. Il progetto presenterà 1.542 camere e suite, con 1.226 camere per gli ospiti (80%) già completate strutturalmente. La facciata esterna è completata al 20% con 2.840 dei 13.734 pannelli installati. Il resort includerà 22 ristoranti e bar, una discoteca, un beach club, shopping di lusso, una spa, un’area piscina di 39.000 piedi quadrati e un centro eventi di 145.000 piedi quadrati.
Situato a 50 minuti dall'Aeroporto Internazionale di Dubai a Ras Al Khaimah, il resort è in fase di sviluppo in collaborazione con Marjan e RAK Hospitality Holding, con l'obiettivo di aprire nel 2027.
Wynn Resorts ha obtenido una línea de crédito para construcción de 2.4 mil millones de dólares para Wynn Al Marjan Island, el primer resort integrado en los Emiratos Árabes Unidos. El préstamo a siete años, proporcionado por un sindicato global de bancos, representa el financiamiento hotelero más grande en la historia de los Emiratos. La instalación está estructurada como una línea de crédito de retiro diferido en AED y USD.
El progreso de la construcción es significativo, con el 64% del concreto estructural completado hasta el 34° piso. El proyecto contará con 1.542 habitaciones y suites, con 1.226 habitaciones para huéspedes (80%) ya estructuralmente completadas. La fachada exterior está completada en un 20% con 2.840 de 13.734 paneles instalados. El resort incluirá 22 restaurantes y bares, una discoteca, un club de playa, tiendas de lujo, un spa, un área de piscina de 39,000 pies cuadrados y un centro de eventos de 145,000 pies cuadrados.
Ubicado a 50 minutos del Aeropuerto Internacional de Dubái en Ras Al Khaimah, el resort se está desarrollando en asociación con Marjan y RAK Hospitality Holding, con apertura prevista para 2027.
윈 리조트는 아랍에미리트(UAE) 최초의 통합 리조트인 윈 알 마르잔 아일랜드를 위해 24억 달러 규모의 건설 자금을 확보했습니다. 이 7년 만기 대출은 전 세계 은행의 컨소시엄에 의해 제공되며, UAE 역사상 가장 큰 호스피탈리티 자금조달을 의미합니다. 이 자금은 AED 및 USD 통화로 지연 인출 시설로 구성되어 있습니다.
구축 진행 상황은 34층까지 구조 콘크리트의 64%가 완료되어 상당합니다. 이 프로젝트는 1,542개의 객실과 스위트를 제공할 예정이며, 그 중 1,226개의 객실(80%)은 이미 구조적으로 완료되었습니다. 외부 파사드는 20% 완료되었으며 13,734개의 패널 중 2,840개가 설치되었습니다. 리조트에는 22개의 레스토랑과 바, 나이트클럽, 비치 클럽, 고급 쇼핑, 스파, 39,000평방피트의 수영장, 145,000평방피트의 이벤트 센터가 포함될 것입니다.
두바이 국제공항에서 50분 거리에 위치한 라스 알 카이마에서 개발되고 있는 이 리조트는 마르잔 및 RAK Hospitality Holding와 협력하여 개발되고 있으며, 2027년 개장을 목표로 하고 있습니다.
Wynn Resorts a obtenu un financement de construction de 2,4 milliards de dollars pour Wynn Al Marjan Island, le premier complexe intégré des Émirats arabes unis. Ce prêt sur sept ans, fourni par un syndicat bancaire mondial, représente le plus grand financement hôtelier de l'histoire des Émirats. Le financement est structuré sous la forme d'une facilité à tirage différé en AED et USD.
Les progrès de la construction sont significatifs, avec 64 % du béton structurel achevé jusqu'au 34e étage. Le projet comprendra 1 542 chambres et suites, dont 1 226 chambres (80 %) sont déjà structurées. La façade extérieure est achevée à 20 %, avec 2 840 des 13 734 panneaux installés. Le complexe comprendra 22 restaurants et bars, une discothèque, un club de plage, des boutiques de luxe, un spa, un espace piscine de 39 000 pieds carrés et un centre d'événements de 145 000 pieds carrés.
Situé à 50 minutes de l'aéroport international de Dubaï à Ras Al Khaimah, le complexe est développé en partenariat avec Marjan et RAK Hospitality Holding, avec un ouverture prévue en 2027.
Wynn Resorts hat eine Baufinanzierung von 2,4 Milliarden Dollar für Wynn Al Marjan Island gesichert, das erste integrierte Resort in den VAE. Das siebenjährige Darlehen, das von einem globalen Banken-Syndikat bereitgestellt wird, stellt die größte Hotel-Finanzierung in der Geschichte der VAE dar. Die Finanzierung ist als verzögerte Auszahlungsfazilität in den Währungen AED und USD strukturiert.
Der Fortschritt beim Bau ist erheblich, da 64 % des strukturellen Betons bis zur 34. Etage abgeschlossen sind. Das Projekt umfasst 1.542 Zimmer und Suiten, von denen 1.226 Gästezimmer (80 %) bereits strukturell fertiggestellt sind. Die Außenfassade ist zu 20 % fertiggestellt, mit 2.840 von 13.734 installierten Paneelen. Das Resort wird 22 Restaurants und Bars, einen Nachtclub, einen Strandclub, Luxus-Shopping, ein Spa, eine Poollandschaft von 39.000 Quadratfuß und ein Veranstaltungszentrum von 145.000 Quadratfuß umfassen.
Das Resort befindet sich 50 Minuten vom internationalen Flughafen Dubai in Ras Al Khaimah und wird in Partnerschaft mit Marjan und RAK Hospitality Holding entwickelt, mit dem Ziel, im Jahr 2027 zu eröffnen.
- Secured $2.4 billion construction financing
- 64% of structural concrete completed
- 80% of guest rooms structurally complete
- Construction progressing at one floor per week
- Diverse revenue streams from multiple amenities (22 restaurants, retail, events center)
- High construction costs requiring substantial debt financing
- Extended timeline to opening (2027)
- Significant remaining construction work (80% of facade still incomplete)
Insights
The successful securing of a
The dual-currency composition (AED/USD) demonstrates sophisticated financial engineering that provides natural hedging against currency fluctuations, while the delayed draw feature offers optimal capital efficiency by allowing funds to be drawn as needed, reducing interest costs during the construction phase.
The participation of major regional and international lenders, including Abu Dhabi Commercial Bank and Deutsche Bank, signals strong institutional confidence in both the project viability and Wynn's execution capability. The 7-year term provides adequate runway for the resort to establish operations and begin generating returns.
Construction metrics are highly encouraging:
- 64% structural concrete completion with systematic weekly progress
- 80% of guest rooms structurally complete
- 70% completion of low-rise structures
The scale of this development (1,542 rooms, 22 F&B venues, 145,000 sq ft event space) positions Wynn to capture high-value tourism and MICE business in the rapidly growing UAE market. The strategic location 50 minutes from Dubai International Airport enables access to a massive catchment area of international travelers.
With 40% ownership in the joint venture, this project represents a calculated risk-reward balance for Wynn, leveraging local partnerships while maintaining significant upside potential in a new market with favorable gaming regulations and strong tourism growth.
The construction progress metrics reveal an impressively efficient execution strategy. The systematic pace of one floor per week and
Key construction indicators show strong momentum:
- 140-foot vertical growth in 100 days indicates optimal resource utilization
- Parallel progress in façade installation (
20% complete) and interior fit-out - Strategic sequencing of MEP services with architectural elements
The simultaneous advancement across multiple project components - structural work, room fit-outs and low-rise construction - suggests highly effective project management and resource allocation. The current trajectory supports the 2027 opening timeline, with critical path milestones like the December topping-off appearing achievable.
The integration of beach frontage and extensive amenity spaces (39,000 sq ft poolscape, 145,000 sq ft event center) within the construction sequence demonstrates sophisticated planning that balances efficiency with quality execution in a premium hospitality development.
Significant Milestone Toward the Resort’s 2027 Opening
The secured term loan facility, made available to Wynn Al Marjan Island FZ-LLC which is a subsidiary of the
This landmark transaction represents the largest hospitality financing transaction in the history of the
The bank syndicate includes a mix of globally recognized regional and international lenders. Abu Dhabi Commercial Bank PJSC and Deutsche Bank AG acted as Joint Coordinators of the financing. The joint coordinators as well as First Abu Dhabi Bank PJSC, Emirates NBD Capital Limited, and The National Bank of Ras Al Khaimah acted as Initial Mandated Lead Arrangers, Bookrunners and Underwriters, and Sumitomo Mitsui Banking Corporation DIFC Branch,
Project construction is proceeding well with
The resort will offer 1,542 rooms and well-appointed suites. To date, 1,226 guest rooms in the tower structure have been completed, or
In the low-rise portion of the building, the concrete and steel structures are a combined
Overlooking its own beautiful white sand beach with views of the Arabian Gulf and the distant Hajar Mountains, Wynn Resorts is developing the resort in partnership with Marjan and RAK Hospitality Holding. Wynn Design and Development is overseeing all facets of the project’s design and construction.
Wynn Al Marjan Island will have twenty-two restaurants, lounges and bars, as well as a nightclub and beach club. Guests will enjoy a luxury shopping promenade and a signature Wynn spa and salon. There will be an extensive 39,000 square foot poolscape adjacent to the beach. The 145,000 square-foot meetings and events center will include outdoor event terraces and lawns. The theater and a new resident show are also being created specifically for Marjan Island.
ABOUT WYNN RESORTS
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Wynn Macau (wynnmacau.com), Wynn Palace, Cotai (wynnpalace.com), and operates Encore Boston Harbor (encorebostonharbor.com). The Company is constructing an Integrated Resort in
Wynn and Encore Las Vegas consist of two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites, and villas. The resort features approximately 194,000 square feet of casino space, 20 signature dining experiences, 14 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 177,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club, and recreation and leisure facilities, including Wynn Golf Club, an 18-hole championship golf course.
Encore Boston Harbor is a luxury resort destination featuring a 210,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 14 dining and lounge venues, a nightclub and approximately 71,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in
Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of
Wynn Palace is a luxury integrated resort in
Wynn Al Marjan Island will be the first integrated resort in the
Forward-Looking Statements
This release contains forward-looking statements regarding future events and results, including statements regarding expected expenditures for the development of the Wynn Al Marjan Island project and expected timing of the project. Such forward-looking statements are subject to a number of risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements. Factors that may cause actual results to differ materially from Wynn Resorts’ current expectations include, but are not limited to: development and construction risks; risks associated with disruptions of the supply chains through construction materials and furniture, fixtures and equipment are obtained; project delays caused by, among other things, extreme weather patterns, natural disasters, or difficulties in obtaining permits and authorizations from regulatory authorities; demands imposed on managerial, operational and other resources; macroeconomic conditions; and international relations and other geopolitical risks. Additional factors that could cause results to differ materially from those described in this release are included in Wynn Resorts’ Annual Report on Form 10-K for the year ended December 31, 2023, as supplemented by Wynn Resorts’ other periodic reports filed with the Securities and Exchange Commission from time to time. Wynn Resorts is under no obligation to (and expressly disclaim any such obligation to) update its forward-looking statements as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250206341769/en/
Media Contact
Michael Weaver, Chief Communications and Brand Officer, Wynn Resorts
Michael.weaver@wynnresorts.com, +702-770-7501
Investor Relations
Lauren Seiler, VP Investor Relations, Wynn Resorts
lauren.seiler@wynnresorts.com, +702-770-7555
In
The Romans, Wynn Al Marjan Island PR Partner
WynnAlMarjanPR@wearetheromans.com
Source: Wynn Resorts, Limited
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