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 Shangri-La Hotels and Resorts Signs Areement with the Westbank and
Peterson Group to Manage the 220-room Shangri-La Hotel, Toronto
Opening 2011
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February 7, 2007 - Shangri-La Hotels and Resorts signed an agreement with Vancouver's Westbank and Peterson Group to manage the 220-room five-star Shangri-La Hotel, Toronto opening 2011. The hotel will be Shangri-La's second property in Canada following the debut of the Shangri-La Hotel, Vancouver in September 2008 by the same development team.

The Shangri-La Hotel, Toronto will be located on University Avenue at Adelaide Street within walking distance of central downtown office buildings, theaters, performance venues plus the vibrant Bloor Yorkville shopping and dining area.

The hotel will occupy the first 17 floors of the C$430 million 65-story tower.  Its guestrooms will be among the most spacious in the city and decorated in a contemporary style with Asian highlights. Luxury condominium residences will be located on the upper levels of the tower.

Guests entering the hotel through an elegant vaulted forecourt will be welcomed into a spacious three-story glass atrium lobby offering streetscape views.  The heart of the hotel will be its lobby lounge, an urban living room with a sidewalk cafe nestled in the shadow of the boulevard trees overlooking University Avenue.  Breakfast, lunch and afternoon tea service will be followed by tapas and evening entertainment in the relaxed yet refined lounge.

The street-level club-style bar will lead to a mezzanine level feature restaurant overlooking University Avenue, the new Opera House and Queen's Park. It will be open for lunch and dinner, pre- and post-theater.

CHI, The Spa - Shangri-La's signature spa brand will offer treatments to in-house guests, condominium owners and local residents.  Inspired by the origins of the Shangri-La legend, the CHI concept is based on Chinese and Himalayan healing therapies.  Each of the 10 private CHI treatment rooms and one double treatment suite will provide a spa within a spa atmosphere, offering guests the luxury of time and space.


Developer
Westbank Projects Corp. & Peterson Investment Group Inc.

Architect
James KM Cheng Architects

Overview
In its first foray into the Toronto market, Westbank will arrive in the grandest of style with a 700 foot tower featuring a 5-Star Shangri-la Hotel and luxury residential condos. The 870,000 sf development will be located on Toronto's most celebrated street - University Avenue. Bordering between the entertainment and financial districts, these homes will offer the convenience and vibrancy of urban living with legendary services of a 5-Star Shangri-La Hotel.

The two-storey glass atrium and podium will be a focal point on University Avenue across the street from the new Opera House. With this new development, Westbank will make its mark on the Toronto market and its skyline.


Shangri-La, Toronto

 


The hotel's function rooms, on the third floor, will open onto a landscaped terrace as well as overlook the historic Bishop's Block to the southwest. The ballroom will seat 150 and three smaller rooms will seat 12 to 50 persons.  All function rooms will offer floor-to-ceiling windows and an elegant pre-function foyer.  A screening room/theater seating 50 guests will provide a venue for screenings or executive presentations that require dramatic special effects.

"We are delighted to announce our second project in Canada with Westbank and Peterson," said Giovanni Angelini, Shangri-La's chief executive officer and managing director.  "Our Canadian properties will offer travelers Shangri-La's renowned Asian-style hospitality complemented by luxurious guestrooms, fine dining, and state-of-the-art facilities."

Ian Gillespie, president of Westbank, added, "The Shangri-La in Vancouver and in Toronto both have ideal locations, and each property will undoubtedly become one of their respective city's leading deluxe hotels under Shangri-La's award-winning management."


Developer
Peterson Investment Group Inc.
& Westbank Projects Corp.

Architect
James KM Cheng Architects

Overview
Located on Vancouver's most ceremonial street, Living Shangri-La is an extraordinary opportunity to contribute a unique civic space to the city and a signature building to the downtown skyline, celebrating art, history and innovative design. This site is one of only a handful of sites which meets the criteria set out by the City of Vancouver's General Policy for Higher Buildings. Consistent with this policy, the development will exhibit the highest order of architectural excellence, as well as provide significant community benefits in the heritage restoration of the adjacent Coastal Church and the proposed Vancouver Art Gallery currated Sculpture Site. It is truly one of the most exciting developments to beundertaken in Vancouver. The 120 Shangri-La in Vancouver is scheduled to open in Summer 2008


Living Shangri-La
Vancouver, British Columbia


Hong Kong-based Shangri-La Hotels and Resorts currently manages 50 hotels under Shangri-La and Traders brands with a rooms inventory of over 23,000. Shangri-La hotels are five-star deluxe properties featuring extensive luxury facilities and services.  Shangri-La hotels are located in Australia, China, Fiji, Hong Kong, Indonesia, India, Malaysia, Philippines, Singapore, Sultanate of Oman, Thailand, Taiwan and the United Arab Emirates. The group has over 40 projects under development in Canada, mainland China, France, India, Japan, Macau, Maldives, Philippines, Qatar, Seychelles, Thailand, United Arab Emirates, United Kingdom and the United States.  For more information or reservations, please contact a travel professional or access the website at www.shangri-la.com.

Westbank is Canada's pre-eminent luxury residential developer. The company was founded in 1992 and emerged as a leader in the development of retail shopping centers. Today, emphasis is on selecting key urban spaces to develop environmentally sensitive mixed-use/residential properties, defined by world-class design, amenities, landscape architecture and compelling public art. Westbank is currently developing or has completed over 11 million square feet of real estate exceeding $3.7 billion in cost with new properties in Toronto, Vancouver, Victoria, Edmonton and Dallas.

Peterson Group is a leading private real estate and manufacturing company with offices in Vancouver and Hong Kong. The company is recognized among its peers for bringing a proven, progressive and entrepreneurial approach to signature developments and acquisitions as well as to ventures in the manufacturing sector. Peterson Group's North American real estate portfolio totals over 5.4 million square feet and is comprised of large, mixed-use developments including retail, office, residential and institutional properties.

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Contact:

Lori Lincoln
Director of Public Relations North America
Shangri-La Hotel and Resorts
Tel: (212)3823155
E-mail: lori.lincoln@shangri-la.com
Website: www.shangri-la.com

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Also See: Canadian Developer Westbank Acquires Fairmont Owned Land Across from Vancouver Convention Center; Will Build 415 room Hotel to be Managed by Fairmont / September 2005
Peterson Investment Group and Westbank Projects Developing a Downtown Vancouver Hotel to be Managed by Shangri-La Hotels and Resorts / June 2004
Shangri-La Hotels and Resorts Signs 30 Year Agreement to Operate 195 room Shangri-La Hotel at London Bridge Tower; First New-build Five-star Hotel in the Central London In a Decade / February 2005
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