Shangri La Opens in Delhi

Hong Kong-based luxury hospitality chain, Shangri-La Hotels & Resorts, has opened its first hotel in India. The group has plans to open six to eight more hotels in the country over the next three years.

The Hong Kong hotelier has entered into a 10-year management contract for its first property with Delhi-based Eros. Under this arrangement, Eros will pay seven per cent of the annual revenue as management fee to Shangri-La hotels, which will provide in lieu its technical, management and marketing support.

The Shangri-La Hotel, that is expected to be officially launched by November this year, has come up where the erstwhile government-owned Kanishka Hotel was situated. The five-star hotel will have 323 guestrooms including 36 suites. The Eros group is targeting a revenue of Rs 40 crore from this deluxe hotel by the end of this year.