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Shangri-La Hotel, Chicago Hotel Project Suspended

March 2, 2009 - Shangri-La Asia Ltdís wholly owned subsidiary SLIM (USA) Inc. signed contracts with Waterview LLC, the projectís developer, to provide pre-opening technical assistance services and later to operate the Shangri-La Hotel, Chicago. Under the current economic environment, regrettably, the implementation of the hotel project has been suspended with no indication of when activities will resume. Accordingly, SLIM (USA) Inc., in exercise of its contractual rights under the agreements, has served a notice on the developer terminating its contracts relating to this project. 

Shangri-Laís commitment to the North American market remains strong. The groupís first North American property opened on January 24, 2009 in Vancouver.

Media Relations Department
(852) 2599 3000 
Also See: Shangri-La Hotels Selected as Operator for 200-room Condominium Hotel Within the 90-story Waterview Tower Development in Chicago / October 2005
Ground Broken for 90-Story Waterview Tower and the Five-Star Shangri-La Hotel, Chicago; High Rise Set to Become Fifth Tallest Building in Chicago / January 2006



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