IHG (InterContinental Hotels Group) signed a management agreement with Shanghai 21st Century Hotel Co. for its property located in Lujiazui, Shanghai. Starting May 16, the hotel will be officially branded as Regent Shanghai Pudong and ready to welcome guests. All existing reservations will be automatically forwarded and honored by 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.
IHG announced the acquisition of a majority stake in Regent Hotels & Resorts in March 2018. Located in the Lujiazui financial district, Regent Shanghai Pudong will be the first Regent hotel opened globally after the acquisition. Meanwhile, renovation is already underway to rebrand the iconic InterContinental Hong Kong into a Regent hotel in 2021. The hotel first opened its doors as a Regent in 1980. In addition, the brand also is expecting new openings in Phu Quoc, Vietnam, later this year, Bali, Indonesia in 2021, and Kuala Lumpur, Malaysia and Chengdu, China, in 2023.
“Welcoming Regent Shanghai Pudong to the Regent family represents a significant milestone for the brand not only in Greater China but also in the world,” said Justin Channe, managing director of Regent Hotels & Resorts. “Since acquisition we have been committed to making the brand a real leader within luxury hospitality and taking it to the world’s best destinations. We are excited to team up with Shanghai 21st Century Hotel Co., our long-term strategic partner, to bring Regent to Shanghai in such a prime location. We look forward to working closely with the owner to proudly bring Regent hallmarks to life in the hotel.”