FRHI Hotels & Resorts has signed a deal for a new Fairmont property in Hangzhou with Hengli Management, a subsidiary of Zhong An Real Estate, based in Zhejiang in the Yangtze River Delta, China and a listed company on Hong Kong Stock Exchange.
Slated for a 2017 opening, Fairmont Hangzhou will feature 300 rooms, five dining outlets, a health club and swimming pool, a signature Willow Steam Spa, and more than 3,000 sqm of meeting and banquet space. The project will also include 180 Fairmont Serviced Residences.
The new Fairmont will be part of a three-phase RMB6 billion (US$981 million) project called Hangzhou International Office Center (IOC), located in Qianjiang Century CBD, the city's newly developed area along the south bank of Qiantang River designed to offer large scale meeting and convention venues, Grade A office towers, high-end residences and commercial and retail spaces. The hotel will share Plot 1 with class A office spaces; Plot A2 will feature service apartments, a six-storey large scale shopping mall, Hong Kong Victoria Kindergarten, library, cinema, and boutique supermarket; while Plot A3 will be offer more serviced apartments in 250-400 sqm, 240-400 sqm and 50-100 sqm.
The main building of the project, when complete, will be the tallest skyscraper in Hangzhou at 330 metres.
Known as one of China’s most scenic cities, Hangzhou is home to the famed Unesco-listed West Lake, peppered with temples, pagodas and gardens. Many famous literary works from ancient China are said to have been inspired by this site. Other well known points of interest include Solitary Hill, the Tomb of General Yue Fei, the Six Harmonies Pagoda and the Ling Yin Temple. For an Inside China report on Hangzhou, click here.
Fairmont Hangzhou will join the luxury brand’s growing China portfolio that includes Fairmont Peace Hotel (see review); Fairmont Beijing; Fairmont Yangcheng Lake; Fairmont Nanjing (opening this year); Fairmont Chengdu and Residences, China (2014); and Fairmont Taiyuan (2016).
Reggie Ho
