By Honey Madrilejos-Reyes
BusinessMirror
July 4, 2008

SHANGRI-LA Hotel Asia Ltd. said its new project will rise at Bonifacio Global City in Taguig City at a cost of $250 million.

The hotel, Shangri-La said, will be completed in 2012.

In the foundation laying ceremony held Thursday at the project’s site, Shangri-La Asia Ltd. said the hotel will be more than 60-story high with 500 guestrooms and 234 apartments.

Eduard Kuok, president and chief executive officer of Shangri-La Asia, said the construction of the Shangri-La at the Fort is a “demonstration of our firm commitment to the Philippines.”

“Our presence and confidence in this market continue to grow with an expanding portfolio of business and leisure properties,” he said.

The size of the hotel’s guestrooms will range from 52 square meters (sq.m.) for a standard room to 260 sq.m. for a “Horizon Club” room, Shangri-La’s exclusive retreat for travelers.

The new hotel will also feature over 4,600 sq.m. of meeting and banqueting facilities, including a grand ballroom, junior ballroom, 11 function rooms, a boardroom, business center, individual teleconferencing room and a 350-sq.m. high-end outdoor-event area.

More about Bonifacio Global City

• Bonifacio Global City : the Philippines’ future premiere central business district
• Bonifacio Global City™ Gets A Grand Makeover
• The Bonifacio Global City Center

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