HotelsThe announcement was made by Shimao Group with a quoted price of RMB 2.25 billion.

Intercontinental Shanghai Wonderland is up for sale

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Intercontinental Shanghai Wonderland was built by Shimao Group to expand its presence in China's culture and tourism market.
Intercontinental Shanghai Wonderland was built by Shimao Group to expand its presence in China's culture and tourism market. Photo Credit: Intercontinental Shanghai Wonderland

Shimao Group has announced its plans to sell Intercontinental Shanghai Wonderland at a quoted price of RMB 2.25 billion. The luxury hotel property is among other assets to be sold by the group.

Intercontinental Shanghai Wonderland was officially opened in late 2018, and enjoyed social media status as a unique, eco-friendly hotel constructed in an abandoned quarry within Tianma Mountain.

Located in Songshan, 35 km from the Shanghai city centre, the hotel gained widespread recognition and became a landmark of Shanghai after its grand opening. It was voted by Megastructures on National Geographic as one of the top ten Architectural Wonders of the World.

The whole project occupies a total construction area of 61,087 sqm. Its unique construction places it two floors above ground and sixteen floors below ground, with two floors under the lake. This architectural feat offers 336 rooms with lake views, underwater restaurants, and an aquarium.

Also known as Shanghai Quarry Hotel because of its unusual spot, it was originally built as part of Shimao Group's strategic move to expand into China's culture and tourism market.

Shimao Group is an international investment company with a presence in more than 100 core development cities across China. Its portfolio includes commercial properties, hotels, theme entertainment projects, and property management. Industries covered include culture, finance, education, health and technology.

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