Wednesday, February 13, 2008

Shangri-La Hotels and Resorts

The Shangri-La Hotels and Resorts (香格里拉酒店集團, SEHK: 0069) is a hotel chain based in Hong Kong. It is the largest Asian-based deluxe hotel group in the region.

The group started in 1971 with its first and flagship hotel in Singapore, and now has 54 deluxe hotels and resorts located in key Asian, Australian and Middle Eastern cities with hotel room inventory of over 27,000. The hotel group also has a sister brand called Traders Hotel, established in 1989 to cater mostly to business travellers.

The Shangri-La Group was set up by Mr. Robert Kuok. His nephew, Mr. Edward Kuok Khoon Loong is the Chairman of the Board for Shangri-La Asia Limited.

Shangri-La Asia Limited is incorporated in Bermuda with limited liability. It is traded on Hong Kong Exchanges and Clearing Limited as stock code 69, traded on the Singapore Exchange as stock code Shang and Asia 2kHK$ and on American Depositary Receipt traded as SHALY.

Shangri-La Hotels (Malaysia) Berhad, is incorporated in Malaysia with limited liability. Traded on the Bursa Malaysia as stock code 5517.

Shangri-La Hotel Public Company Limited, incorporated in Thailand with limited liability. Traded on the SET Stock Code Shang.

Traders is a four-star brand managed by Shangri-La Hotels and Resorts, stands for business class accommodation and services. Traders is geared to satisfy the needs from the fast growing mid-market traveller segment. The first Traders hotel opened in Beijing in 1989.