Beijing China, March 29, 2019 – 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 of 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. The hotel is scheduled to open at the end of 2021. The hotel will be designated as the Official Hotels of Beijing 2022 Winter Olympics and will host the Olympic event reception.

“Beijing Shougang Park has deep roots in the city. The Shougang Group started operations here a hundred years ago and it has played a key part in China’s modern industrial development,” commented Zhang Gongyan, Chairman and General Manager of Shougang Group. “It is now our time of unprecedented opportunities; we are supporting the Winter Olympics, involved in ecological and heritage conservations and business transformation projects. Shougang Park is regarded as the new landmark of the capital city’s revival and an important service provider for the Beijing Winter Olympics. Our partnership with Shangri-La Group will allow us to not only boost Shougang Park’s role in the Beijing Olympics but I am confident that together we can raise the bar to contribute even more to the city’s growth.”

“Beijing continues to be a very important market for Shangri-La Group,” said Hui Kuok, Chairman of Shangri-La Group. “We are committed to deepening our investment and to be part of Beijing’s renewed growth plans. We are also deeply honored to partner with Shougang Group and bring our unique brand of Asian hospitality services and products to the partnership. The Beijing 2022 Winter Olympics will be a historic occasion for the host city of Beijing and equally for us at Shangri-La as we open our doors to welcome the international sports community coming for the Games.”

Wang Yue, deputy chief of Beijing Culture & Tourism Bureau, and Ke Yongguo, deputy head of Shijingshan District Government, also recognized 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.