InterContinental Hotels Group has announced the signing of a management agreement with Shanghai 21st Century Hotel Co. Ltd. for the first hotel to be opened under the Regent Hotels label since acquiring the brand in 2018.
The property, located in Lujiazui, Shanghai, will open to guests from 16 May 2020 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.
Set amidst the magnificent skyline of the Lujiazui financial district, Regent Shanghai Pudong will be the first Regent hotel opened globally after the acquisition. In addition, the brand is also expecting new openings in Phu Quoc, Vietnam later this year, Bali, Indonesia in 2021, Kuala Lumpur, Malaysia as well as Chengdu, China in 2023.
IHG announced the acquisition of a majority stake in Regent Hotels & Resorts in March 2018 and brought the much-loved brand into the top end of its portfolio. Since then, IHG has worked quickly to combine its expertise in luxury with Regent’s deep heritage and revered legacy, relaunching the brand by evolving it to appeal to the modern luxury traveller.
Regent Hotels & Resorts Managing Director, Justin Channe, remarked: “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. 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., Ltd., 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.”