Article: Fairmont Hotels & Resorts and Jin Jiang International Form Joint Venture Hotel Management Company Iconic Property to be renovated and reopened as The Fairmont Peace Hotel Shanghai in 2010

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - Jin Jiang International Group (Jin Jiang) and Fairmont Hotels & Resorts (Fairmont) announced today that they have formed a joint venture company to be named Jin Jiang Fairmont Hotel Management Company, LTD, which will renovate and reopen The Peace Hotel, a Shanghai landmark for over a century. The hotel is scheduled to close during the refurbishment period and reopen in 2010.

Jin Jiang's goal during The Peace Hotel renovation program, the largest in its history, is to restore the hotel to its position as the preeminent luxury hotel in Shanghai, and the company is utilizing not only its own expertise and heritage, but partnering with ...

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