The hotel will be Shangri La's fifth property in India following New Delhi, which opened in September 2005 - and the Shangri-La Hotel, Bangalore; Palm Retreat Shangri-La, Bangalore; and Traders Hotel, Bangalore, all opening in 2009.

Shangri-La Hotels and Resorts has signed an agreement with Pallazzio Hotel and Leisure Limited (a wholly owned subsidiary of Phoenix Mills Limited) to manage the Shangri-La Hotel, Mumbai. 

Designed by Mumbai-based Mr. Shekhar Patki, the 400-room hotel will be situated in the High Street Phoenix retail and office mixed-use development, located in the heart of the city within the residential and corporate hub of Lower Parel. The property is situated 13 kilometres from the airport and is strategically located between Mumbai's two main business districts -- the Central Business District of Nariman Point and Bandra-Kurla.

Guests will arrive at a top floor "sky lobby" offering panoramic views.  A majority of the guestrooms, which will be the largest in Mumbai, will overlook Mumbai Racecourse and the Arabian Sea beyond.

A variety of dining options will be available, including multiple speciality restaurants, an all-day café and a bar.  Additional facilities will include a health club, spa, swimming pool, business centre, ballroom, conference and meeting room facilities.   

"We are delighted to work with Pallazzio Hotel and Leisure Limited to introduce  Shangri-La's distinctive hospitality to Mumbai, which we are certain will position this hotel as a market leader," said Giovanni Angelini, chief executive officer and managing director of Shangri-La Hotels and Resorts. "India offers tremendous potential and the opening of Shangri-La Hotel, Mumbai is a key strategic move in expanding our presence in the subcontinent."

"We are delighted to get this project underway as it marks the beginning of a long and close relationship that we wish to share with Shangri- La," said Shishir Shrivastava, director of Pallazzio Hotel and Leisure Limited and CEO of Phoenix Mills Limited's hospitality division.  "We selected Shangri- La to manage this prestigious property due to its sterling reputation for delivering a premium luxury hospitality experience. It also marks our foray into the hospitality industry, where we plan to extend our presence to operating multiple world-class luxury properties in the coming years. The long-term opportunity in this sector is immense and we are confident of creating best-in-class properties with right partners by our side."