Shangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group, announced today it will open the Shangri-La Hotel, New York in 2010.

The group signed development and operating agreements with RFR Holding LLC, and a client of ING Clarion Partners, to construct a 206-room luxury hotel in the Park Avenue corridor of Midtown Manhattan, and will operate the property under a long-term hotel management agreement. More...