STAMFORD, CT—Starwood Hotels & Resorts Worldwide, Inc. has signed an agreement with Shanghai Huayu Real Estate Co., Ltd., a subsidiary of B.M. Holding (Group) Co., Ltd., to bring its luxury St. Regis brand to Shanghai.
Scheduled for completion in early 2017, The St. Regis Shanghai Jingan will open in the city’s central business district. The new hotel will join the brand’s growing presence in Greater China, where St. Regis currently operates six properties and has an additional 10 in the pipeline—including The St. Regis Macao, which is set to open this December.
The St. Regis Shanghai Jingan will be situated on West Beijing Rd., in close proximity to the West Nanjing Rd. business area in Jingan, a central business district featuring premium corporate offices and luxury retail stores. Part of a new mixed-use development, the hotel will offer approximately 480 guestrooms, including 41 suites and 47 residences. All guestrooms will be located from the 29th to 59th floors, offering views of the Shanghai skyline.
The new hotel will offer three restaurants and an alfresco bar; wellness facilities including a spa, indoor swimming pool and a fitness center; and event space.
Shanghai is the regional headquarters of more than 520 multinational companies and features one of the world’s largest stock exchanges, according to Starwood Hotels & Resorts. The city hosts numerous high-profile events every year, including the Formula One Chinese Grand Prix.