Hong Kong-listed hotelier Shangri-La to open sixth property in Beijing at 2022 Winter Olympics site
- 300-room hotel to come up in Shougang Park industrial district
Hong Kong-listed luxury hotel and resort chain operator Shangri-La Group on Thursday unveiled plans for a 300-room hotel next to venues for the 2022 Winter Olympics in Beijing.
The property, the company’s sixth hotel in China’s capital, will come up in the former industrial complex of Shougang Park and will be developed as part of an urban regeneration project.
“We are committed to deepening out investment and to be part of Beijing’s renewed growth plans,” Hui Kuok, chairman at Shangri-La, said at a signing ceremony with Shougang Group in Beijing. “The Beijing 2022 Winter Olympics will be a historic occasion for the host city, and equally for us at Shangri-La, as we open our doors to welcome the international sports community coming for the Games.”
Lim Beng Chee, Shangri-La’s chief executive, said: “The project came into being for the Olympics and is expected to become one of the official hotels for the Games.”
Shougang Park covers an area of 8.63 square kilometres (3.3 square miles) and was once known for its iron and steel making. In its heyday, the complex contributed with about a quarter of Beijing’s total income.
In 2005, the National Development and Reform Commission, China’s top economic planner, approved a plan to relocate the site to Hebei province ahead of the 2008 Beijing Olympic Games, in a move designed to ease the city’s air pollution problem.