Hotel Online  Special Report

 Shangri-La Hotels Signs Management Agreement with 
New World (Qingdao) Estate Development Group
to Operate the Traders Hotel, Suzhou 


Hong Kong, February 23, 2004 -- Reinforcing its position as the largest luxury hotel group in mainland China, Shangri-La Hotels and Resorts has signed a management agreement with the New World (Qingdao) Estate Development Group to operate the Traders Hotel, Suzhou in the Yangtze Delta in the south of the Jiangsu Province in mid-2005.

The 420-room hotel will complement Shangri-La's existing 17 hotels in mainland China and its central location in the city's hi-tech development zone, which is only a 10-minute car ride to the Shanghai-Nanjing highway and eight minutes from Suzhou Railway Station, will make it ideal for the corporate traveler.

Featuring spacious guest rooms measuring an average of 420 square feet, the Traders Hotel, Suzhou will offer same day laundry and valet service, satellite TV, data ports and broadband Internet service.  In addition, the Traders Club floors will provide an exclusive retreat with special amenities and privileges such as daily complimentary breakfast and cocktails in the Club lounge, express check-in and check-out service, personal butler service and more.

The hotel, which is designed by Jiangsu Construction Design Institute, will offer a variety of dining and entertainment choices, including a coffee shop, lobby lounge and Chinese restaurant. Recreational facilities will include an indoor swimming pool and a fitness center. There will also be state-of-the-art meeting and banqueting facilities including an 8,600-square-foot conference hall.

Commenting on the new management agreement, Giovanni Angelini, Shangri-La's chief executive and managing director, said: "In line with our strategy of further expansion in China through management agreements, we are delighted to be opening a hotel in Suzhou, which is also known as 'heaven on earth' due to its spectacular scenery and gardens.  We are committed to expanding the Traders brand and developing its positioning as the sensible business solution."

Shangri-La Hotels and Resorts is Asia's leading luxury hotel group and currently manages 42 hotels in Australia, the Chinese mainland, Fiji, Hong Kong, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand and the United Arab Emirates, with a rooms inventory of over 21,000.  In addition, it has over 26 projects under development in Australia, the Chinese mainland, India, Malaysia, Maldives, Oman, Qatar, Thailand and the United Arab Emirates.

Lori Lincoln
Director of Public Relations, North America
Shangri-La Hotels and Resorts
Tel: (212) 382-3155
Also See: China's Hotel Investment Market / Jones Lang LaSalle Hotels / Oct 2002
Why Indian Hotelier Jagsish Rai Sood Chose to Partner with Shangri-La to Operate His Latest Property in New Delhi / HOTEL Asia Pacific / December 2003
Shangri-La Hotels and Resorts Signs Management Agreement to Operate the 580 room Traders Hotel, Kuala Lumpur / May 2003

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