Shangri La no more in Mumbai

I’d heard about this piece of news last month and then it even turned up in the press, but I am still surprised that Shangri La, who was operating a property on top of the luxurious Palladium mall in Mumbai, has moved out of the management contract only 9 months after getting the property up and running. The website of the Shangri La hotel had this notice a few days ago:

As of September 2013, Shangri-La hotels and Resorts will no longer manage Shangri-La Hotel Mumbai

And as of this morning, the hotel was gone from the Shangri-La website.

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And last night, while driving by, I did notice that the hotel had renamed itself to the Palladium hotel.

The hotel states they’ve already found a new management co who will take over by the end of this year, but what is amusing is, there is no website at the moment to directly book with the hotel if you wanted to do so…

Anybody have any insight into why did Shangri La walk out of a project where they were initially planning to stay for 20 years?

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About Ajay Awtaney

Ajay is a financial services pro, working to bring order to the chaos of the financial industry on an everyday basis! Beyond that, he dons the hat of India's favourite frequent traveller, trying to help people elevate their travel experience via tips and tricks they never knew before, or introduce them to the world of miles and points. Armed with an MBA from MDI Gurgaon and graduate degree in computer science from the University of Delhi, Ajay brings a systematic and objective approach on the table for his audience in dissecting travel and loyalty programs in India and around the world, and how to benefit from them. Ajay has been quoted in various reputed traditional and online media including The Hindustan Times, Inside Flyer, Bloomberg, DNA India, Conde Nast Traveller, The Telegraph, Mumbai Mirror, Mint, MoneyLife and The USA Today.

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