Shougang and Shangri-La sign cooperation on Shougang Park hotel in Beijing

New Delhi, 29 March 2019: Shougang Group and Shangri-La Group today announced the cooperation on a new hotel project at Shougang Park in Beijing. This is a strategic venture between two established and highly regarded companies to develop an international luxury hotel at the Shougang industrial site. Attending the signing ceremony were Zhang Gongyan, Chairman and General Manager of Shougang Group, Hui Kuok, Chairman of Shangri-La Group, Guo Huaigang, Director of General Administration, The Beijing Organizing Committee for the 2022 Olympic Winter Games, Wang Yue, Deputy Chief of Beijing Culture & Tourism Bureau, and Ke Yongguo Deputy Head of Shijingshan District Government. The hotel management agreement was signed between Liang Jie, Deputy General Manager of Shougang Group and Lim Beng Chee, Chief Executive Officer of Shangri-La Group.

The hotel project is located in the central area of Shougang Park and boasts spectacular views of Shijingshan Hill and Qunming Lake. Shougang Park is a familiar local landmark with over 100 years of history. The hotel is closely connected to the grand ski ramp of the Winter Olympics and the training center of the National Teams, known as the “Four Ices”, for ice hockey, figure skating, speed skating and curling.

The new project development will incorporate modern designs and green concepts into the heritage industrial estate. It is scheduled for completion and operations at the end of 2021. The hotel will be designated as the Official Hotels of Beijing 2022 Winter Olympics and it will host the Olympic event reception.

Commented Zhang Gongyan, Chairman and General Manager of Shougang Group: “Beijing Shougang Park has deep roots in the city. The Shougang Group started operations here a hundred years ago and it has played a key part in China’s modern industrial development. It is now our time of unprecedented opportunities; we are supporting the Winter Olympics, involved in ecological and heritage conservations and business transformation projects. Shougang Park is regarded as the new landmark of the capital city’s revival and an important service provider for the Beijing Winter Olympics. Our partnership with Shangri-La Group will allow us to not only boost Shougang Park’s role in the Beijing Olympics but I am confident that together we can raise the bar to contribute even more to the city’s growth.”

Hui Kuok, Chairman of Shangri-La Group said, “Beijing continues to be a very important market for Shangri-La Group. We are committed to deepening our investment and to be part of Beijing’s renewed growth plans. We are also deeply honoured to partner with Shougang Group and bring our unique brand of Asian hospitality services and products to the partnership. The Beijing 2022 Winter Olympics will be a historic occasion for the host city of Beijing and equally for us at Shangri-La as we open our doors to welcome the international sports community coming for the Games.”

Wang Yue, Deputy Chief of Beijing Culture & Tourism Bureau and Ke Yongguo Deputy Head of Shijingshan District Government also recognised the partnership between Shougang and Shangri-La as a win-win collaboration. It is expected to build strong mutual trust and to bring much benefit to the two companies as well as to contribute greatly to the development of Shijingshan District and the economic growth of Beijing.

ABOUT SHOUGANG GROUP

The Shougang Group has accelerated the development and construction of the old industrial park in Beijing. The Organizing Committee of the XXIV Olympic and Paralympic Winter Games, Innovation Center for Overseas Chinese Businessmen, China’s first and the world’s 19th C40 Climate Positive Development Program project, National Sports Industry Demonstration Zone and many other organizations are stationed in the park. The group actively integrates quality resources and capabilities to develop financial services, urban infrastructure, real estate, medicare and healthcare, culture and sports, and international operations and to grow new industries and models. This year is the 70th anniversary of the People’s Republic of China and the 100th anniversary of Shougang Group. Shougang will take the opportunity provided by the Beijing Winter Olympics to implement a “three-year plan of action” and to drive the transformation, build the New Landmark of City Revival, and open up a new chapter in the history of Shougang.

ABOUT SHANGRI-LA GROUP

Shangri-La Group is one of the world’s premier developers, owners and operators of hotel properties. The Group’s principal activities are in hotel properties, hotel management services, investment properties and property development for sale. It currently owns and/or manages over 100 hotels globally in 75 destinations under the Shangri-La, Kerry, Hotel Jen and Traders brands. The Group also develops, owns and operates investment properties including office properties, commercial properties, and serviced apartments/residences. Prominently positioned in Asia, the Group has a substantial pipeline of upcoming hotel and mixed-use development projects in Australia, Bahrain, mainland China, Cambodia, Indonesia, and Saudi Arabia.