
The hotel and gaming American company, MGM Mirage, has signed an agreement with the Diaoyutai State Guesthouse in Beijing to develop luxury non-gaming hotels and resorts, first in the People's Republic of China and then to expand regionally. The joint venture will develop its own distinctive brand identity, associating MGM Grand with Diaoyutai to create unique luxury hotel resorts and related facilities. China Diaoyutai State Guesthouse, located in the ancient Fishing Terrace complex in Beijing, is the state guesthouse accommodating visiting Heads of State and government since its inauguration nearly 50 years ago. MGM will benefit from the Diaoyutai knowledge of the market and Asian connections.
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