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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
- Article from:
- CCNMatthews Newswire
- Article date:
- April 16, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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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 ...