The Fairmont Peace Hotel in Shanghai will be rebranded as the Raffles Peace Hotel Shanghai as part of a partnership between Accor and Jinjiang International Group. The hotel will remain open during renovation and is scheduled to reopen under the Raffles name in 2027.
Originally built in 1929 by Sir Victor Sassoon as the Cathay Hotel, the building is located on the Bund. It has been owned by Jinjiang Group since 1984 and became part of Fairmont Hotels & Resorts in 2010.
Accor and Jinjiang International Group will collaborate on the site’s redevelopment, with Accor responsible for managing the property under the Raffles brand. The planned works will retain protected features designated by the National Key Cultural Relic Protection Unit. The design will incorporate both historical and contemporary elements.
“Together with Jinjiang International Group, we have worked to uphold the prestige of this national treasure. 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,” said Kent Zhu, CEO, Accor Greater China.
Owner representative, Dong Qing, also general manager of Shanghai Peace Hotel Co., added: “As a century-old cultural landmark in Shanghai, the new Peace Hotel will not only blend history and modernity but also provide a fresh way to share the story of Shanghai with global guests. We look forward to revitalising this historic building that carries the memories of the city. 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.”
Raffles currently operates hotels in several cities in China, including Macau, Shenzhen and Hainan, and internationally in locations such as Singapore, London, Paris, Boston, Istanbul and Dubai. A new property recently opened in Sentosa, Singapore, with another planned in Jeddah, Saudi Arabia later this year.
