Not For Sale : Four Seasons Condos
It's unfortunate that the energy industry hasn't developed technology to harness the steam that shoots out the ears of the angered, as I'm sure that the folks at LVS could be counted on to provide a few jigowatts of ready power, daily.
According to a press statement yesterday, the DSSOPT (Land, Public Works and Transport Bureau) said because of the "huge investment projects" on the Cotai Strip and the need for generating capital, the SAR government permitted the Four Seasons Hotel to have its hotel, apartment hotel, carpark and commercial area registered as four different units.
However, the DSSOPT added that the apartment hotel was still being regulated by the laws relating to hotel industry and it belonged to a hotel project instead of a residential one.
Thus, the rooms or suits in the apartment hotel could neither be transferred nor register its property ownership as not being part of the Four Seasons Hotel.
Is this the mistake of the century by LVS, or did the Macau Government just kick Adelson Inc right square in the nuts? The mind truly reels at what a monumental f-up this is. Did someone not ask beforehand? What happens to the "revenue" from selling the real estate? How does this affect the further oversupply of rooms on Cotai's Hotel Row? Is that steam turbine attached to Sheldon's head yet?
Somebody get some ice.