Business · Companies · 1 hr ago
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.
Legendale Hotel Beijing has closed to guests and is set to become an ultra-premium nursing home.
Admission requires an insurance premium of more than 18.88 million yuan, according to a source cited by SCMP.
Beijing’s Dongcheng district housing authority said it brought Ping An Life Insurance on board to help redevelop the hotel.
The hotel is near Peking Union Medical College Hospital and the Forbidden City.
- Who
- Legendale Hotel Beijing is being redeveloped with help from Ping An Life Insurance.
- What
- The hotel has closed to guests and is set to become an ultra-premium nursing home.
- When
- The Dongcheng district housing authority recently disclosed its involvement; no exact date was stated.
- Where
- Legendale Hotel Beijing, in Beijing’s Dongcheng district, near Peking Union Medical College Hospital and the Forbidden City.
- Why
- The hotel is being redeveloped as a premium retirement home; the sources do not state why the change was made.
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- Hotel
- Legendale Hotel Beijing
- Admission premium
- More than 18.88 million yuan (US$2.8 million)
- Redevelopment partner
- Ping An Life Insurance
- Nearby hospital
- Peking Union Medical College Hospital
- Nearby landmark
- The Forbidden City