Tishman Speyer today announced a hotel management agreement with Diaoyutai MGM Hospitality to create and operate a Mirage by MGM within the final mixed-use tower being developed at The Springs in Shanghai.
Mirage by MGM Shanghai will be located within AXIOM Tower B, a 56-story tower that Tishman Speyer is developing with Chengtou Holding. Tower B, which envisions premium offices, a theater, retail, an inspired food & beverage program and a range of hospitality-infused amenities, is one of a pair of iconic skyscrapers known as the “Eye of Wisdom” that comprise the final phase of The Springs development. The 280-meter (919-foot) AXIOM Tower A was completed in 2023, while the 250-meter (820-foot) AXIOM Tower B is slated for completion in 2025.
As one of the iconic brands under MGM Resorts International, Mirage by MGM hotel ingeniously integrates modern vitality and exciting entertainment into their hospitality, creating extraordinary and unique guest experiences. Mirage by MGM Shanghai, which will open in 2027, will feature 205 luxury rooms, world-class event spaces, top-tier fitness facilities and other upscale amenities from the ground floor to the 18th floor.
Patrons will also have full access to the integrated food & beverage destination being curated on the fifth floor, which will bring together specialty restaurants, bars and an outdoor terrace connected to a swimming pool that will serve as a fashionable sanctuary. The hotel skillfully integrates the vibrant characteristics of the AXIOM community, offering a variety of entertainment and leisure experiences including a multi-functional banquet hall on the first-floor, capable of hosting various events and performances.
“We are thrilled to welcome the Mirage by MGM to The Springs, a growing community of the world’s most iconic brands and foremost innovators,” said Tishman Speyer CEO Rob Speyer. “This partnership reinforces our vision of The Springs as a destination for creativity, commerce and recreation.”
MGM Resorts International CEO and President Bill Hornbuckle added, “The AXIOM Tower of The Springs is a striking reflection of Shanghai’s unique oasis cityscape. This is the perfect home for the Mirage brand. I believe our collaboration with Tishman Speyer and Chengtou Holding will make Mirage by MGM Shanghai a vibrant and popular destination in this thriving district.”
The AXIOM towers are the final pieces of a 900,230-square-meter (10 million-square-foot) mixed-use development launched by Tishman Speyer in 2011. The Springs features creative offices, new residences, hotels, restaurants, retail, entertainment and cultural venues. Located on a 26.6-hectacre (66-acre) former airfield situated adjacent to a 13.4-hectacre (33-acre) ecological reserve in Shanghai’s Yangpu District, The Springs also features an array of public parks, gardens, playgrounds and other open spaces.
Tishman Speyer initially developed ten LEED Gold office buildings, which opened in phases between 2014 and 2019. The firm leased the 200,000-square-meter (2.12 million-square-foot) office campus up to 99 percent to leading multinational companies including Nike and Henkel before selling in 2022. In 2021, Tishman Speyer sold four additional under-development office buildings to Douyin Group, formerly known as ByteDance, for its regional headquarters campus.
About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 36 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 533 properties, totaling 223 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco.
About Diaoyutai MGM Hospitality (dytmgm.com)
Diaoyutai MGM Hospitality, the joint venture between Diaoyutai State Guesthouse in China and MGM Resorts International in the United States, is a high-end hotel management platform focusing on the development of hotels and resorts, residences, and entertainment experiences, bringing a shared culture of hospitality inherited from the parent company brands to the worldwide stage. With its credo of “Combine to Innovate”, Diaoyutai MGM Hospitality is committed to creating a new style of travel and living by combining greatness of the world, aiming to become the world leading travel and living experience group. At present, Diaoyutai MGM Hospitality boasts six hotel brands – Diaoyutai, Bellagio by MGM, MGM, Mirage by MGM, Mhub by MGM, and mx by MGM – and has also expanded into the branded residential business. The hotels that have already opened include MGM Grand Sanya in the center of Yalong Bay (2011), Diaoyutai Boutique Hotel Chengdu in 300-year-old Kuanzhai Alley (2014), Bellagio by MGM Shanghai with magnificent view on the North Bund (2018), Mhub by MGM Nanjing Jiangning at the foot of Fangshan Mountain (2021) , MGM Shanghai West Bund as the landmark of Xuhui Binjiang (2023), and Diaoyutai Hotel Qingdao and MGM Qingdao in Jinjialing Financial District (2023). Meanwhile, a few hotel projects are in the pipeline in cities such as Shenzhen, Zhuhai, Lingshui, Wuhan, etc. The branded residences have entered several gateway cities, including Beijing, Haikou, and Sanya.
