Business · Companies · 1 hr ago

Beijing luxury hotel to become ultra-premium nursing home

Beijing luxury hotel to become ultra-premium nursing home

Legendale Hotel Beijing has closed to guests and is set to become an ultra-premium nursing home.

The hotel is in Beijing’s Dongcheng district, near the Forbidden City and Peking Union Medical College Hospital.

Admission requires an insurance premium above 18.88 million yuan, or about US$2.8 million, according to a source.

The district’s housing authority said it brought in Ping An Life Insurance to help redevelop the hotel.

Ping An Life is part of China’s largest insurance group.

The five-star hotel was designed in a classical European style and operated by Macau Legend Development.

The hotel is set to be converted into a premium care home, but no opening date was given.

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