Shangri-La to Operate China Huaming Hotel in Moscow

. June 20, 2009

JUNE 18, 2009 - Shangri-La Hotels and Resorts, Asia Pacific's leading luxury hotel group, has signed an agreement with China Huaming International Investment Corporation (CHMIIC) to manage a hotel in Moscow, which will be the group's first property in Russia.

Set to open in 2012, the 400-room hotel will occupy the top floors of a 42-story tower in the Park Huaming Business Centre- a new major multi-purpose development in the northeast of the city. Next to the Botanical Gardens on Vilgelma Pika Street, the property is located 10 kilometers (6 miles) from Red Square and 25 kilometers (15 miles) from the international airport.

The hotel guestrooms will have a minimum size of 40 square meters (430 square feet) and each room will have views of the development's Chinese landscaped gardens or the Botanical Gardens. Diverse dining outlets will include Chinese and Russian restaurants. A 1,200-square-meter (12,918-square-foot) grand ballroom, a 700-square-meter (7,535-square-foot) auditorium and a wide range of function rooms suited will cater to events. Recreational facilities will include an indoor swimming pool and health club.

The Park Huaming Business Centre, Moscow will include an office tower, service apartments, an exhibition hall and a lifestyle area featuring a Chinese garden with pavilions, restaurants, retail shops, as well as leisure and entertainment facilities.

"Shangri-La Hotels and Resorts is delighted to be partnering with CHMIIC to provide our distinct brand of Asian hospitality to residents and visitors of Moscow," said Madhu Rao, managing director and chief executive officer of Shangri-La Hotels and Resorts. "As we continue to expand globally, Russia remains one of our key markets and we look forward to working closely with the Moscow community."

Mu Hua Dong, general manager of CHMIIC, said, "Shangri-La Hotels and Resorts is one of the world's finest hotel operators and we are confident that based on the group's strong reputation, this new property is set to be a resounding success."

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