Hong Kong based Shangri-La Hotels and Resorts announced the opening of Traders Hotel, Malé, Maldives yesterday -

The 117-key property was previously owned by Male Hotel Associates Pvt Ltd. and opened in September 2009.

Traders Hotel, Malé, Maldives is located in the administrative and business district of Malé, a short walk from the Fish Market, Sultan Park and the Old Friday Mosque and a five-minute speedboat ride from Malé Airport. It is an optional stopover point for guests at its sister property Shangri-La's Villingili Resort and Spa on Addu Atoll, just south of the equator.

The 14-storey hotel is the tallest hotel structure in downtown Malé and takes advantage of the views of the Indian Ocean from its rooftop restaurant and lounge. Sixteen of the guestrooms, including the Deluxe Suite feature balconies to enjoy the sunset breeze.

Traders Hotel, Malé, Maldives offers three restaurants including 24-hour Panini café on the lobby level, Lime for Asian and International fare and Azur, the rooftop lounge for European and Japanese fusion cuisine. In addition, room service is available around the clock to accommodate travellers on layover or with jetlag.

A striking feature of the hotel is its rooftop 18.5 metre infinity pool which appears to blend into the Indian Ocean beyond. A fitness centre with cardio vascular and strength training equipment completes the recreational facilities.

For special events, banquets or meetings, Traders Hotel, Malé, Maldives offers three separate facilities including the 254 square metre ballroom for up to 300 guests.

‘I am very excited to lead the conversion of Traders Hotel, Malé, Maldives', said Hotel Manager Ester Marcaida. ‘Since the opening the hotel has already become a landmark on the island and provides the perfect start or finale to a relaxing beach holiday.'

Traders, Shangri-La's mid market brand caters to today's business and leisure traveller, who is looking for simple, efficient, down to earth functionality presented with a smile. The integration into the Traders' portfolio will allow the hotel to take advantage of Shangri-La's global sales and distribution network and the brand's Golden Circle guest recognition and airline partner programmes.