Shangri-La makes shock U-turn over Vienna hotel project


The future of a planned five-star hotel in Vienna is uncertain after Asian hotel chain Shangri-La pulled out.Real estate developer Bauträger Austria Immobilien GmbH (BAI) said today (Weds) it was “totally surprised” about Shangri-La’s decision to cancel their contract, saying the cooperation has so far been “very good”. BAI made clear: “The contract cannot be […]