Wynn Plans New Macau Hotel Due to High Wynn Palace Occupancy

Wynn Resorts unveiled plans for a new hotel in Macau, citing the high occupancy rates of its existing Cotai property. The new building will feature 432 rooms and is expected to be completed in early 2029.

The New Tower Will Add 432 Rooms

The new project was announced alongside the company’s Q1 results. The new building will complement the broader Wynn Palace integrated resort in Cotai, allowing the company to welcome even more guests.

The new hotel will be called The Enclave and, as mentioned, will feature some 432 rooms. This will effectively bolster Wynn Palace’s room capacity by 25% and its suite capacity by 50%. The new building will be located right next to the east entrance of the Wynn Palace property, officials elaborated.

The construction, which is set to kick off later this year, will cost between $900 and $950 million, according to Wynn Macau. The company hopes to wrap up the construction and open the new hotel in early 2029.

Not a “Speculative Bet”

The Enclave’s construction is a direct response to the high occupancy rates Wynn Palace has been enjoying. Craig Billings, Wynn Resorts’ chief executive officer, said that the project “makes sense” to his team, considering that Wynn Palace achieved 99.1% hotel occupancy in the first quarter of 2026.

Billings said that, at this point, this is not a “speculative bet,” but a response to a demand that clearly already exists.

According to the forecasts of Wynn’s CEO, the new project could bring in up to $400 million in extra annual revenue, as well as $150-175 million in extra adjusted EBITDA. He explained that the new tower will not have many non-EBITDA generating amenities and predicted that its proximity to the existing Wynn Palace facility would drive high flow-throughs.

Billings concluded that the project was a “no-brainer” to his team.

In other news, Wynn Resorts just published its financial report for the first quarter of the year, revealing strong gains in revenue and profit, thanks to its strong performance in key markets, such as Las Vegas and Macau.

Previously, reports suggested that the war in Iran could delay Wynn’s UAE project, Wynn Al Marjan Island.