Shangri-la Makes Key Regional Appointments
Internal promotions for Kapil Aggarwal & Choon Wah Wong to head-up operations, investment & asset management for Middle East, Europe, India, Indian Ocean & the Americas
Dubai, United Arab Emirates, 6 July 2021 The Shangri-La Group has made two key regional appointments covering the Middle East, India, Indian Ocean, Europe and the Americas (MEIA).
Kapil Aggarwal and Choon Wah Wong, have both been promoted to Co-Heads of the MEIA region, Aggarwal will overlook operations in Turkey, the Middle East, India and the Indian Ocean, while Wong will take responsibility for Europe and the Americas.
Prior to their latest appointments, Wong was Vice President of Investment andAsset Management and Aggarwal was Vice President of InvestmentandAsset Management as well as Deputy to the Executive Vice President of Operations for the MEIA region.
Aggarwal, who has been working with Shangri-La for eight years now, originally joined in 2013 as director of asset management.
Commenting on his new position, Aggarwal who holds a law degree and an MBA in finance said:"I am looking forward to working with Choon Wah, my other colleagues in the region and our business partners, not only to optimise the operational and financial performance of our current properties, but to strategically grow our portfolio throughout the region. We are keen to develop new markets such as Saudi Arabia, which we will enter later on in the year with the opening of the stunningShangri-La Jeddah."
Choon Wah Wong, joined Shangri-La in 2018, having spent the majority of the previous 18 years in the private equity real estate investment sector. Wong who has an engineering degree from the Univerity of Cambridge has held senior roles with APG Asset Management, Partners Group and Standard Life Investments (Singapore), before eventually relocating to Shangri-La's regional office in London.
"This is a pivotal moment not just for Shangri-La, but the rest of the hotel industry as well. Many governments especially in the developed world are gradually beginning to relax social as well as domestic and international travel restrictions."
"This has given us the opportunity to reopen a number of flagship properties, such as theShangri-La The Shard, Londonwhich reopened on 17thMay, theShangri-La Vancouver which reopened on 22 May and most recently theShangri-La Pariswhich reopened on the 1stJune."
"These are such positive signs, especially after enduring the initial lockdown and then the disappointment of numerous false dawns over the past 14-15 months. It is heart-warming to see some of our hotels in key cities getting back to normal, welcoming guests once again!" said Wong.
About Shangri-La Group
Shangri-La Group is one of the world's premier developers, owners and operators of hotel and investment properties which comprises office buildings, commercial real estate and serviced apartments/residences. The Group's other principal activities include hotel management services as well as property development for sale. It currently owns and/or manages over 100 hotels globally in more than 75 destinations under the Shangri-La, Kerry, JEN and Traders brands. Prominently positioned in Asia, the Group has a substantial pipeline of upcoming hotel and mixed-use development projects in Australia, Bahrain, Mainland China, Cambodia, Indonesia and Saudi Arabia. For more information, pleasevisithttps://www.shangri-la.com/group/.