Press Release

Press Release

Neoglory Group and Shangri-La Sign Agreement to Manage New Hotel in Yiwu, China

Shangri-La International Hotel Management Limited and NeoGlory Holdings Group Company Limited today signed an agreement in relation to the management of Shangri-La Hotel, Yiwu.  Scheduled to open at the end of 2016, the hotel will form part of the upscale and newly built Yiwu World Trade Centre that comprises 480,000 square metres of luxury living and expansive commercial and retail space in the heart of the city’s central business district.   
 

Flanked by the scenic Yiwu River and Futian Park, Shangri-La Hotel, Yiwu will present a combined inventory of approximately 516 guestrooms and serviced apartments with panoramic views of the skyline and premier dining, leisure and conference facilities.  Just one and a half hours by high speed train from Shanghai, Yiwu in Zhejiang Province is known as a vibrant commodities trade centre and for its tourist sites. 
 

Chairman Ms. Zhou Xiao Guang and, President and CEO Mr. Heebo Yu Yun Xin of NeoGlory Holdings Group Limited also expressed their excitement about the partnership and said, “We are pleased to jointly announce this project and to have found the right brand and operator.  Shangri-La is a leading hospitality company and we are confident that together, the hotel will be of exceptional standards.   
 

About NeoGlory Holdings Group Company Limited    

Founded in 1995 and based in Yiwu, China, NeoGlory Holdings Group Company Limited is the world’s market leader in costume and fashion jewellery.  The company employs over 100,000 people and has established a sales force in 70 countries with nearly 1,000 stores across China.  The company has interests in investment, commerce and trade and has also diversified into wine and property development. 
 

About Shangri-La Hotels and Resorts 

About Shangri-La Group 

Shangri-La Group is one of the world’s premier developers, owners and operators of hotel and investment properties which comprises office buildings, commercial real estate and serviced apartments/residences. The Group’s other principal activities include hotel management services as well as property development for sale. It currently owns and/or manages over 100 hotels globally in more than 70 destinations under the Shangri-La, Kerry, Hotel Jen and Traders brands. Prominently positioned in Asia, the Group has a substantial pipeline of upcoming hotel and mixed-use development projects in Australia, Bahrain, Mainland China, Cambodia, Indonesia and Saudi Arabia.