A luxury hotel scheduled to open for business in 2008 in Shanghai is likely to push the city's record hotel prices to a new high.
China News Service reports "The Place Hotel & Spa" is expected greet customers at an average price of 350 US dollars per night, much more expensive than the current 220 dollar average among Shanghai's five-star hotels.
Located in downtown Jing'an District, the hotel is tucked amidst a group of high-end hotels, including the Hilton and Portman Ritz-Carlton.
Chen Minghuang, chief representative of the hotel developer, calls it a "boutique hotel," a term used to describe intimate and extremely luxurious hotels.
With only 230 rooms, the touted hotel will offer personalized services to each of its customers.