Shanghai landmark, the Peace Hotel, will undergo an extensive transformation before reemerging in 2027 as the Raffles Peace Hotel Shanghai.
Accor and the historic hotel’s owners Jinjiang International Group confirmed the hotel will no longer be badged under the Fairmont Hotels and Resorts brand, in place since 2010, and will instead join the French hotel firm’s Raffles portfolio.
“This magnificent hotel is a precious gem and a landmark in an all-important destination,” the CEO of Raffles and Fairmont Omar Acar said.
“As the stewards of such an iconic property, we are exceptionally proud to guide it into a glamorous new era with Raffles, and honoured to embark on the next chapter of our relationship with Jinjiang International Group, our valued partner.”
Meanwhile, Kent Zhu, Accor Greater China CEO, explained the hotel’s history is intrinsically linked with that of Shanghai.
“Together with Jinjiang International Group, we have worked to uphold the prestige of this national treasure,” he said. “Now, Raffles will add an exciting ultra-luxurious dimension for this grand hotel, where ideas are born, history is made, and stories and legends are created.”
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The hotel will continue to operate during the transformation period.
“We look forward to revitalising this historic building that carries the memories of the city,” Dong Qing, General Manager of Shanghai Peace Hotel Co, said.
“Guests will not only experience classic Shanghai style but also enjoy the prestige of international luxury hospitality. By making history tangible and culture immersive, we are keeping alive the cherished cultural heritage of the Peace Hotel.”
Built in 1929 by Sir Victor Sassoon as the Cathay Hotel, the art deco masterpiece “perfectly aligns” with the Raffles brand, according to Accor.
When its transformation is complete, it will offer an experience of “elegant splendour”, placing emphasis on art and design, as well as stand-out cuisine and service. Its refreshed design will capture the spirit of modern Shanghai while honouring the hotel’s past, preserving the treasures designated by the National Key Cultural Relic Protection Unit.
It will join China’s growing portfolio of Raffles hotels which includes properties in Macau, Shenzhen and Hainan.
