Peace Hotel Shanghai to Join the Glamorous Raffles Portfolio

Accor and Jinjiang International Group announced a new era for the world-renowned Peace Hotel, one of Shanghai’s most beloved landmarks. Built in 1929 by Sir Victor Sassoon as the Cathay Hotel, the art deco masterpiece has been owned by Jinjiang Group since 1984, and became a part of Fairmont Hotels & Resorts in 2010.

The legendary hotel will remain open during its transformation before debuting in 2027 as the Raffles Peace Hotel Shanghai, a flagship among a celebrated portfolio that includes the illustrious Raffles Singapore as well as the historic Raffles London at The OWO.

“This magnificent hotel is a precious gem and a landmark in an all-important destination. As the stewards of such an iconic property, we are exceptionally proud to guide it into a glamorous new era with Raffles, and honored to embark on the next chapter of our relationship with Jinjiang International Group, our valued partner,” said Omer Acar, CEO, Raffles Hotels & Resorts and Fairmont Hotels & Resorts.

“The history of the Peace Hotel is the history of Shanghai. 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.

“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 revitalizing 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,” said the owner representative, Dong Qing, General Manager of Shanghai Peace Hotel Co., Ltd.

Accor and Jinjiang International Group have established a strong trusted relationship, laying a solid foundation for the glorious future of the Peace Hotel. Accor’s global expertise in luxury hospitality is well recognized, and the Raffles brand will inject new vitality into this historical landmark. Raffles perfectly aligns with the century-old heritage of the Peace Hotel, with the ability to create an extraordinary guest experience that celebrates the modern charm of Shanghai culture.

The new Raffles Peace Hotel Shanghai

At the upcoming Raffles Peace Hotel Shanghai, guests and the local community can look forward to an experience of elegant splendor, marked by fine art and design, extraordinary cuisine, and bespoke service. A refreshed design will capture the spirit of modern Shanghai while honoring the hotel’s glorious past and preserving the treasures designated by the National Key Cultural Relic Protection Unit.

With the brand’s unique blend of British etiquette, Asian grace, and touches of Chinese heritage, Raffles Peace Hotel Shanghai will be a world of inspiration, authentic culture, and the distinguished culinary and bar experiences that the well-traveled guests of Raffles worldwide have come to know and love.

The Raffles brand

Raffles is well-established in China, with a portfolio of spectacular retreats that blend modern luxury with heritage and are cherished by locals and travelers alike. Destinations include Macau, Shenzhen, and Hainan, along with key international locations in Singapore, Paris, London, Boston, Istanbul, Dubai, Doha, Maldives, Udaipur, Phnom Penh and Bali, among others. Most recently, Raffles debuted in Sentosa, Singapore and will open in Jeddah, Saudi Arabia later this year.

About Accor

Accor is a world-leading hospitality group offering stays and experiences across more than 110 countries with over 5,700 hotels & resorts, 10,000 food & beverage venues, wellness facilities and flexible workspaces.

The Group has one of the industry’s most diverse hospitality ecosystems, encompassing around 45 hotel brands from luxury to economy, as well as lifestyle with Ennismore. ALL, the booking platform and loyalty program embodies the Accor promise during and beyond the hotel stay, gives its members access to unique experiences.

Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Accor’s mission is reflected in the Group’s purpose: Pioneering the art of responsible hospitality, connecting cultures, with heartfelt care.

Founded in 1967, Accor SA is headquartered in France. Included in the CAC 40 index, the Group is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States.

For more information, please visit group.accor.com or follow Accor’s X, Facebook, LinkedIn, Instagram and TikTok.

^{*This is a press release issued by Companion Communications for Accor.}