A Separate Peace

Property to be renovated and reopened as the Fairmont Peace Hotel Shanghai in 2010

By: Jamie Wetherbe

Jin Jiang International Group and Fairmont Hotels & Resorts recently announced 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.

Situated on the Bund, the 12-story Peace Hotel boasts a premier downtown location, facing the Pudong area over the Hangpu River. First opened in 1929 as the Cathay Hotel, the property was located on the former site of the Sassoon Mansion and built in the Gothic style of the Chicago School, with a copper-sheathed roof rising 77 meters above ground level. The hotel has hosted distinguished guests from all over the world, including politicians, artists and celebrities like General Marshall, Charlie Chaplin, Bernard Shaw and Noel Coward who wrote “Private Lives" while in residence.

The Peace Hotel is Fairmont’s second announced project in the region, following a recent deal announcing a future hotel development project on Macao’s Cotai Strip.

“This agreement will provide Fairmont with the opportunity to extend our distinctive portfolio to one of the world's key gateway cities and utilize our expertise in historic assets and restore a preeminent Shanghai landmark,” said William R. Fatt, Fairmont’s CEO. “The addition of the Fairmont Peace Hotel Shanghai will provide the ideal platform for further expansion in Asia and we look forward working with Jin Jiang, a strong leader in this region to further develop our luxury hotel brand.”

Jin Jiang, owner of the Peace Hotel, is the largest hotel owner and operator in China and the 22nd largest in the world, with more than 300 properties in their portfolio.


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