The hotel will be situated on Nanjing Road in the middle of Shanghai's shopping, leisure and commercial precinct. Shi Mao has selected Le Méridien Hotels & Resorts to manage the property. It will be named Le Royal Meridien Shanghai.
Le Meridien Hotels and Resort's Asia Pacific Regional Managing Director Michael Sagild says the company's goal is to have Le Royal Meridien Shanghai be the first hotel to qualify for the prestigious Platinum Five Star rating under the new hotel grading guidelines soon to be released by the China National Tourism Administration Department.
Saglis says it is critical to Le Meridien's Asia Pacific development strategy that its first hotel in the Peoples Republic of China be a truly brand-defining product. "The Hotel's prime location, upper–upscale market positioning and superior size combine to make this project the perfect entry point for Le Meridien into the mainland China market," Sagild said.
A spokesman for Shi Mao could not immediately tell GlobeSt.com the value of the project. Shi Mao currently has five main projects under development in China. The
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