Beijing, China

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.

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.