Shangri-La Group today announced a new joint venture with Samty Co., Ltd (
Samty Group , listed in Tokyo with stock code 3244) to develop a luxury hotel in Kyoto, Japan. The location of the proposed hotel is just north of the Nijo Castle, a UNESCO World Heritage Site, one of the most popular tourist destinations in Kyoto. It is conveniently situated just four kilometres north of Kyoto Station, one of the main gateways into the city. This hotel will be Shangri-La Group s second hotel in Japan, after Shangri-La Tokyo.
Shangri-La Group s Chief Executive Officer, Lim Beng Chee said, We are thrilled with this new partnership with Samty Group. This project brings together Shangri-La Group s hospitality expertise, and leverages Samty Group s strong track record in real estate development in Japan, especially in the Kansai region where Kyoto is located. We look forward to working together, and we hope to begin welcoming guests to this new hotel by 2024.