Developments

Holiday Inn Brisbane to be Traders

The 563-room Shangri-La Hotel Sydney has been sold by the Government of Singapore Investment Corporation to Shangri-La Asia Ltd for $532 million.

The news comes just after Shangri-La Hotels and Resorts confirmed it would rename the 191-room Holiday Inn Brisbane as a Traders Hotel from 7 August. It will be the first hotel in Australia under the Traders brand.

“The decision to fully acquire and manage Traders Hotel, Brisbane is in line with Shangri-La’s financial commitment and long term vision for Australia. After China and the United States, the Australian continent represents the third largest market for Shangri-La and forms a key substantial membership base within the worldwide network of 2.1 million members of the company’s prolific loyalty program, Golden Circle,” Shangri-La said in a statement.

Bruno Cristol will move from Penang to take up the general manager role at Traders Brisbane.

Related Articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Check Also
Close
Back to top button
WP Tumblr Auto Publish Powered By : XYZScripts.com
AccomNews
0
Would love your thoughts, please comment.x
()
x