Shangri-La Hotels & Resorts acquires Brisbane property
posted | Monday, 09 Jul 2012
Shangri-La Hotels & Resorts has entered into an agreement to acquire and assume management of the hotel currently operated by Holiday Inn Brisbane.
Expected to start on August 7, 2012, the 191-room property that is centrally located above the Brisbane Transit Centre and next to Roma Street Parklands, will be the first Traders hotel operated by Shangri-La Hotels & Resorts in Australia.
Following the group’s recent acquisition of the 563-room landmark Shangri-La Hotel, Sydney and its current majority stake in Shangri-La Hotel, The Marina in Cairns, Traders Hotel, Brisbane will mark the hotel group’s third venture in Australia.
The decision to fully acquire and manage Traders Hotel, Brisbane is in line with Shangri-La’s financial commitment and long term vision for Australia. After China and the US, the Australian continent represents the third largest market for Shangri-La and forms a key substantial membership base within the worldwide network of 2.1 million members of the company’s loyalty programme, Golden Circle.
Travel partners, corporate executives and meeting planners can also benefit from Shangri-La’s recognised global sales and marketing network as well as on-going support from the group’s established regional presence in Sydney.
For special events, banquets or meetings, Traders Hotel, Brisbane is designed to offer seven meeting rooms which have the ability to be converted into a ballroom for up to 500 guests. With a total meeting area of 700m2 and a fully equipped business centre, meeting and social planners will find the hotel flexible enough to host either large gatherings or intimate business conferences.
MJ’s Restaurant and Bar at Traders Hotel, Brisbane provides all-day dining with the option of both set and a la carte menu options featuring modern Australian cuisine, while MJ’s Bar offers a selection of beverages and light snacks in a relaxed atmosphere that is perfect for unwinding with friends.
Alternatively, the hotel’s convenient location is only a 10-minute walk from the heart of Brisbane’s entertainment and dining district of Southbank. For travellers on layover or with jetlag, room service is available around the clock. Another special feature of the 13-storey hotel is its rooftop fitness centre that includes cardio vascular and strength training equipment, as well as relaxing whirlpools.