The historic Peace Hotel on the Bund is expected to reopen in March 2010 after being refashioned as the Fairmont Peace Hotel Shanghai, while retaining its original art deco style, according to Jin Jiang International Hotels Group and Fairmont Hotels &Resorts.
Renovation of its interior is already under way based on a plan by Hirsch Bedner Associates, a hospitality interior design company.
The new hotel will offer about 250 deluxe rooms and suites. It will also include six restaurants and lounges. Room prices are likely to rise to between US$300 and US$400 per night, from around US$100 before it closed for renovation in April 2007. A presidential suite will be on the 10th floor, where Victor Sassoon, the hotel's creator and former owner, once lived.
The south building of the hotel, due to reopen about the same time, will be converted into a retail center and a hotel exclusively for the use of artists, who will live, work and exhibit their creations at the hotel.
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