Shangri-La Group Forms Joint Venture with Samty Group for a Luxury Hotel in Kyoto, Japan
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.