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Acquisitions & Hotel Openings

Shangri-La Hotel, Putian Breaks Ground in Fujian China with Opening Planned Q4 2020

PUTIAN, CN. July 17, 2017 – Shangri-La Hotels and Resorts announced the development of a new urban resort in Fujian Province at a groundbreaking ceremony in the Chengxiang District of Putian. Scheduled to open in the fourth quarter of 2020, Shangri-La Hotel, Putian will be the group’s third property in Fujian Province, following Shangri-La hotels in Fuzhou, which opened in April 2005, and Xiamen, which is scheduled open in 2017.

Renowned for being the origin of Mazu, the Goddess of the Sea in Chinese culture, Putian is a well-known cultural city with a history of more than 1,400 years. It has distinctive advantages of coastal scenery and cultural tourism resources. In recent years, Putian has successfully diversified its economy. As an important manufacturing center on China’s Southeast Coast, the city is being transformed and upgraded, resulting in a new level of innovation and growth. Real estate and tourism developments are flourishing, while cultural and creative industries are being explored as new directions.

Dedicated to bringing a new international, luxurious hospitality experience to the city, Shangri-La Hotel, Putian will have 247 well-appointed guest rooms offering panoramic views of the city and Yanshou river. The hotel will include a lobby lounge, restaurants, spa, fitness center, swimming pool and a 1,200-square-meter (about 12,917-square-foot) ballroom. Next to the hotel will be a lively mix of restaurants, bars and retail shops set in a 3,500-square-meter (about 37,674-square-foot) village-style plaza. The hotel is conveniently located within a 20-minute drive from the train station.

Uniquely positioned at the juncture of history and modernity, Shangri-La Hotel, Putian will pay tribute to the river town’s ancient heritage as well as harmony between man and nature. The hotel overlooks Yanshou River southward and the landmark Shouxi Park, which is one of the largest ecological city parks in Fujian Province. The hotel is also adjacent to the renowned Yanshou Village, where the millennium-old Yanshou Bridge, a 900-year-old lychee tree (“The Champion Red”) and a collection of antique temples and ancestral halls are found. The entire area will be protected and developed into a culture village by the local government to create a destination for leisure, recreation, culture and tourism.

“Putian has remarkable economic potential for both business and tourism, which presents a great opportunity for the group,” said Mr. LIM Beng Chee, chief executive officer of Shangri-La Asia. “The design and construction of Shangri-La Hotel, Putian will reflect a distinctive blend of nature and culture. We look forward to creating a unique dining and stay experience for guests and local residents, and to bringing a dynamic lifestyle experience to the city.”

About Shangri-La Hotels and Resorts

Hong Kong-based Shangri-La Hotels and Resorts, one of the world’s premier hotel management companies, currently operates over 95 hotels in 22 countries and 73 destinations under the Shangri-La, Kerry, Hotel Jen and Traders brands. Prominently positioned in Asia, the group has established its brand hallmark of “hospitality from the heart” over four decades in Asia Pacific, the Middle East, Europe, North America and the Indian Ocean. The group has a substantial development pipeline with upcoming projects in Australia, mainland China, Cambodia, Indonesia, Malaysia, Myanmar, Saudi Arabia and Sri Lanka. For more information, please visit www.shangri-la.com.

Contact:
Judy Reeves
judy.reeves@shangri-la.com
(212) 382-3155

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.