Giovanni Angelini, chief executive officer and managing director of
Shangri-La Hotels and Resorts, yesterday was named “2006 Corporate Hotelier
of the World” by HOTELS magazine.This award was voted upon by over 60,000 HOTELS’ readers in 170 countries.

Mr.  Angelini attributes this award to the creation of a stable team of
exemplary management and staff.  Its dedication to delivering the highest
standards of service,  and embracing the corporate culture of “Shangri-La
Hospitality from Caring People,”  has produced not only the highest
profitability in the group’s history, but one of the lowest staff turnover
ratios in the industry.  This record of success is also reflection of the
group’s investment in training which ranks among the industry’s highest.

Since Mr.  Angelini assumed his leadership position in 1999, Shangri-La
Hotels and Resorts has more than doubled in size, growing from 22 to 49
properties in 13 countries and regions today. The expansion has encompassed
non-traditional boundaries;  today there are 45 projects under development
in Canada, mainland China, France, India, Japan, Macau, Malaysia, Maldives,
Philippines,  Qatar,  Seychelles,  Thailand,  United Arab Emirates, United
Kingdom and the United States.

“Our readers have voted Giovanni Angelini 2006 Corporate Hotelier of the
World because he is a visionary leader, demonstrating the highest standards
of   international hospitality management and development,”  said Jeff
Weinstein,  editor-in-chief of HOTELS magazine.  “His commitment to this
industry is accompanied by an unswerving dedication to ensuring that his
staff is given the opportunities to develop their full potential and
achieve their career goals.”

“I am extremely fortunate to have a group of talented co-workers and
supportive owners to guide me,” said Mr. Angelini. “This award is a group
achievement and with gratitude I share it with my family of 30,000
Shangri-La colleagues.”

Mr.  Angelini began his career with Shangri-La family in 1988 as general
manager of the Kowloon Shangri-La in Hong Kong. He was named group vice
president operations and general manager of the Island Shangri-La, Hong
Kong in 1993.

Mr.  Angelini’s 40+ years’ experience in the hospitality industry began in
his native country,  Italy.  He gained further experience in Switzerland,
Bermuda,  Grand Cayman Islands, Canada and the USA. His 14-year career with
Westin took him to Mexico, Korea, Japan, Hong Kong and Singapore.
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