PROJECT

Projects

Summary of Proposed Investment

Project Number

28546

Company Name

SHANGRI-LA ULAANBAATAR HOTEL LLC

Date SPI Disclosed

Mar 18, 2011

Country

Mongolia

Industry

Tourism, Retail and Property

Projected Board Date

Apr 20, 2011

Status

Completed

Sector

City and Business Hotel

Date Revised SPI Disclosed

May 4, 2011

Department

Regional Industry - MAS Asia & Pac

Environmental Category

B - Limited

Previous Events

Approved : May 25, 2011
Signed : Jun 17, 2011
Invested : Mar 5, 2012

Project Description

Shangri-La Ulaanbaatar Hotel LLC (the Company or Shangri-La Ulaanbaatar Hotel) is a joint venture between IFC’s existing clients: (i) Shangri-La Asia Limited (Shangri-La or the Sponsor); and (ii) MCS Holding LLC (MCS). The project is to develop and operate a 280-room, 5-star hotel in the city of Ulaanbaatar, the capital of Mongolia (the Project).

Sponsor / Cost / Location

Development Impact