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S P Setia Berhad Group has announced that Shangri-La Hotels and Resorts as the official operator for a hotel within an iconic two-tower luxury development in Melbourne's central business district.

Currently under consideration for planning approval and expected to be completed in 2022, the first tower will house the five-star Shangri-La Hotel, Melbourne, while the second, connected via a sky bridge, will include some 300 luxury residential apartments as well as office and retail space.

The hotel will feature an estimated 500 guest rooms with three levels of amenities, including a sky lobby, restaurants, spa, fitness centre, pool and a state-of-the-art ballroom.