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Shangri-La take two in Macau

Shangri-La Hotels and Resorts has announced a management agreement with developer Venetian Cotai Limited, a
subsidiary of Venetian Macau Limited, to operate the Shangri-La Hotel,
Macau and the Traders Hotel, Macau, both opening in 2008.The properties will be located on the Cotai Strip, a few minutes drive from the airport and a 20-minute drive from downtown.  Cotai, dubbed
“Asia’s Las Vegas,” is a master planned development of hotel properties,
casinos,  entertainment attractions, retail and meetings and conventions
facilities,  projected   to become the world’s largest gaming and
entertainment centre.

  The 500-room Shangri-La hotel and 1,000-room Traders hotel will occupy a
39-floor building,  designed by leading US and Asia architects and
designers. The tower will include a casino, performance hall and large
retail shopping mall,  none of which will be operated by Shangri-La.

  “There has been tremendous growth in tourism to Macau in the last couple
of years due to the destination’s spectacular development and increasing
appeal to mainland Chinese and international travellers,” said Giovanni
Angelini,  chief executive officer and managing director of Shangri-La
Hotels and Resorts
.  “Given the strong loyalty to the Shangri-La brand
in the region and our growing worldwide profile, we see great potential
for our new Macau properties.”