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The last Hotel and convention center at Shangri-La resort was closed ten years ago. Finally with cooperation with the Cherokee Nation Monkey Island, Grand Lake and Shangri-La will have first class accommodations again. New businesses and expansions coming to the Grand Lake area are creating up to 500 new jobs over the next four years.A new 120 room hotel is being added to the Shangri-La Golf Resort on Monkey Island at Grand Lake. The new hotel will be accessible by land and water and will have a casual dining restaurant, convention space, resort pool, plus a indoor and outdoor bar/grill. The hotel will replace the previous Shangri-La hotel that was closed and demolished in 2006.The Cherokee Nation has announced plans for their tenth Casino in Oklahoma....The new Cherokee Casino at Grove. The new casino's first phase will start this year and be built just north of Sail Boat Bridge north of Grove. The initial phase of the casino is suppose to be 39,000 sq ft and have 400 Electronic games plus dining, dancing and lots of fun. The initial phase should provide 175 new jobs to the area.