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Architecture & Engineering


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April 18, 2007

Fairmont, Swatch to rehab Shanghai hotel

  • The owners plan to keep the iconic Peace Hotel's historic design and art-deco highlights.
    • By ELAINE KURTENBACH
    AP Business Writer

    SHANGHAI, China — The Peace Hotel, an aging colonial icon on Shanghai's scenic waterfront, will be renovated under a deal signed with Fairmont Hotels and the Swiss watchmaker Swatch.

    Jinjiang International Hotel Management Co., China's biggest hotel operator and current owner of the Peace Hotel, announced plans to join with the two foreign companies in a notice posted on the Web site of the Hong Kong Stock Exchange.


     
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