InterContinental Hotels Group announced the signing of a management agreement with Shanghai 21st Century Hotel Co., Ltd. for its property located in Lujiazui, Shanghai’s financial district. Beginning May 16, 2020, the hotel will be officially branded as Regent Shanghai Pudong. Under the deal, IHG will also take over the management of its luxury apartments, which sit above the hotel in the same tower.
Expanding its luxury footprint, IHG announced the acquisition of a majority stake in Regent Hotels & Resorts in March 2018 and brought the brand into the top end of its portfolio. Since then, IHG has worked to relaunch the brand by evolving it to appeal to the modern luxury traveler. Shanghai Pudong will be the first Regent hotel opened globally after the acquisition.
Additionally, a renovation is already underway to rebrand the InterContinental Hong Kong into a Regent hotel in 2021, bringing the hotel back to its roots, as it first opened its doors as a Regent in 1980. The brand is also expecting new openings in Phu Quoc, Vietnam later this year, Bali in 2021, and Kuala Lumpur and Chengdu, China in 2023.
Photo: Courtesy of InterContinental Hotels Group