Hong Kong, June 13, 2017 – Shangri-La Hotels and Resorts, the leading Asia-based luxury hotel group, and S P Setia Berhad Group, the premier Malaysian property developer, today announced Shangri-La as the official hotel operator for the planned landmark luxury development in Melbourne’s CBD.

S P Setia Chairman Tan Sri Dato’ Seri Dr Wan Mohd Zahid, and Shangri-La Asia Chief Executive Officer Mr. LIM Beng Chee, formally confirmed the arrangement at a ceremony in Melbourne attended by international guests and media.

Located at 308 Exhibition Street, the Cox and Fender Katsalidis-designed two-tower development overlooking Melbourne’s World Heritage-listed Carlton Gardens is currently under consideration for planning approval.

When it is completed in 2022, the luxury five-star Shangri-La Hotel, Melbourne will feature an estimated 500 guest rooms with three levels of amenities for guests to enjoy, including a sky lobby, restaurants, spa, fitness center, pool and a state of the art ballroom.

The second tower will include about 300 luxury residential apartments as well as office space. A sky bridge will connect the two towers, and retail space will occupy the lower levels of the development.

Speaking at today’s event in Melbourne, S P Setia Chairman Tan Sri Dato’ Seri Dr Wan Mohd Zahid said the appointment of Shangri-La supported the project’s vision to deliver an iconic development that increases capacity, creates local economic development opportunities, and sets a new benchmark for five-star luxury in Melbourne.

“Shangri-La is privileged to be selected as the hotel operator for this world-class S P Setia development, which will be an architectural masterpiece and an iconic part of Melbourne’s skyline for decades to come,” said Shangri-La Asia’s Chief Executive Officer Mr. LIM Beng Chee. “We look forward to bringing Shangri-La’s hallmark ‘hospitality from the heart’ to Melbourne, Australia’s event capital.”

“S P Setia is honored to appoint Shangri-La, an iconic global brand that represents the highest standards of quality, as the hotel operator to this development,” added Tan Sri Wan Zahid. “Through the design and construction phases and for many decades to come as a luxury residence, retail and hotel precinct, the economic benefits of this project will be significant for Melbourne.”