PROJECT

Projects

Summary of Investment Information

Project Number

43914

Company Name

Shangri-La Asia Limited

Date SPI Disclosed

Jun 29, 2020

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Jun 19, 2020

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jul 27, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Jun 26, 2020
Signed : Jun 29, 2020
Invested : Jul 22, 2020

Sector

City and Business Hotel

Project Description

Shangri-La Asia Limited (“SLA” or the “Sponsor”) is a leading owner and operator of hotels and resorts in Asia. SLA and its subsidiaries (together the “Group”) own and/or manage 101 hotels in over 20 countries.

Tourism is one of the hardest hit sectors by the COVID-19 pandemic, and there have been severe business disruptions to the operations of the Group’s hotel properties as a result. The proposed investment will be to Shangri-La Asia Treasury Limited (“SLT” or the “Company”), in order to support the Group’s existing operations in Fiji, Maldives, Mongolia and Sri Lanka during this challenging time (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation