Shangri-La ends hotel contract

Shangri-La, the Hong Kong-based hospitality chain has terminated the management contract with asset owner Pallazzio Hotel and Leisure, the subsidiary of Phoenix Mills. A new operator of the hotel located in Lower Parel in Mumbai is to be finalised by year-end. Shangri-La, which as per the agreement had rights to manage the property for 20 years, has been operating at 50 per cent capacity. Contact: Phoenix Mills Tel:022-2496 4307. E-mail: info@thephoenixmills.com Website: www.thephoenixmills.com