Mori Trust Co., Ltd. has concluded a lease agreement with Shangri-La International Hotel Management Ltd. to include a Shangri-La hotel in Marunouchi Trust Tower (Main), which is under construction at the Yaesu Exit of Tokyo Station. Shangri-La Hotels and Resorts is one of the leading luxury hotel brands in the Asia-Pacific region.

The two companies aim to open the hotel at the end of fiscal 2008, as the Shangri-La Hotel, Tokyo. .Currently, the area around Tokyo Station has been designated as a Priority Urban Redevelopment Area, under the Urban Renaissance Special Measure Law. This area is expected to play a key role as both an urban center and Japan’s core financial district, where major businesses, both domestic and foreign, are concentrated and interact. Therefore, vigorous urban development is expected.

The Marunouchi Trust Tower Main Building Project by Mori Trust has an optimal location adjacent to Tokyo Station. Mori Trust has been considering development projects that will bring a premium to Tokyo in the context of international competition. As part of this initiative, negotiations were carried out to attract a hotel group that has the capability, in terms of both specifications and services, to meet high-level needs as a center for international interchange, as well as an international network trusted by guests from overseas.

The Shangri-La group of five-star luxury hotels is an international brand with a distinguished track record worldwide, especially in the Asia-Pacific region. It has a well-established reputation for combining top-notch service with sumptuous Asian-style hospitality. Consequently, the Shangri-La brand will add a new attraction and premium to Tokyo as an international city.

In addition to five-star Shangri-La hotels and resorts, Shangri-La also operates the four-star Traders Hotels.

In total, the company provides more than 23,000 rooms at 49 hotels and resorts in the Asia-Pacific and Middle East regions. The Shangri-La group continues to expand, with global development planned in Europe and America, notably the London Bridge Tower in the UK.

The Shangri-La Hotel, Tokyo will occupy floors 27-37 of the Marunouchi Trust Tower Main Building, with a total floor area of 26,400 m2 (Approx. 8,000 tsubo). In addition to 204 rooms, of which even the standard size is 50 m2, as the hotel’s main facilities, a Grand Ball Room, a wedding chapel, three restaurants, and a spa are being planned.

The spa, in particular, will be the first spa in Japan of the CHI brand, which is unique
to the Shangri-La group, incorporating ancient healing therapies from China and the Himalayas. The hotel is scheduled to open at the end of fiscal 2008.