Malaysian hotel operator, Genting Group, is one step closer to realizing the fulfillment of its plans to build a brand-new resort and casino complex in Miami, Florida. Genting recently announced the purchase of the last remaining mortgage debt on Miami’s Omni Center at a price tag of USD $161 million. The Omni Center is a mixed-use property already divided into retail, hotel, and commercial space. It will become part of a 14 acre complex at the edge of the Biscayne Bay.
When the complex is finally finished it will consist of a convention centre, residential buildings, and four hotels. One of the buildings will even have a rooftop lagoon. The first phase of the project is the Resorts World Miami hotel, which will open its doors in the fall of next year. The entire project is being designed by the Arquitectonica architectural firm with a total budget of USD $3 billion.