May 28, 2011 · 0 Comments
(www.hospitalitybusinessnews.com) – 28-May-2011 –Shangri-La Hotels and resorts is set to launch its second property in India. The Company has signed an agreement with the Pallazzio Hotel and Leisure Limited to manage the Shangri-La, Mumbai, which will open this year.
The 410 room hotel and 23 Luxury apartments is situated within the residential and corporate hub of Lower Parel, between two main districts of Mumbai i.e. the Central Business District of Nariman Point and Bandra-Kurla Complex.
Mr. Shishir Shrivastava, director of Pallazzio Hotel and Leisure Limited and CEO of Phoenix Mills Limited’s hospitality division said on the occasion that, “We are delighted to get this project underway as it marks the beginning of a long and close relationship that we wish to share with Shangri- La. We selected Shangri- La to manage this prestigious property due to its sterling reputation for delivering a premium luxury hospitality experience. It also marks our foray into the hospitality industry, where we plan to extend our presence to operating multiple world-class luxury properties in the coming years. The long-term opportunity in this sector is immense and we are confident of creating best-in-class properties with right partners by our side.”