Shangri-La Announces New Traders Hotel in Beijing

Shangri-La Hotels and Resorts has signed a management agreement with Beijing-based Super Shine Co. Ltd. to operate a new Traders Hotel on Xiao Yun Road, in Upper East Beijing. The 419-room Traders Hotel is scheduled to open early August 2008, in time for the Beijing Olympic Games. This will be Shangri-La's second Traders Hotel in the city. The hotel will have a restaurant, health club, a five-floor Traders Club, indoor swimming pool and spa. The Traders Hotel will be in the northeast of Beijing's central business district, within 20 minutes drive of the Beijing Capital International Airport. Visit [www.tradershotels.com].

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