Shangri-La Hotels and Resorts, a listed company out of Hong Kong, and the owners of the Traders and Shangri-La brands recently rebranded the Traders Hotel to Sule Shangri-La Hotel following 2 1/2 years of renovations. Along with renovations has also been extensive staff training and an increase in amenities on offer. Price on certain products and services has also increased. Shangri-La will also formally open the Shangri-La Residences in Yangon in 2015. It will feature two 21 story towers having 120 apartments each.