The Bulgari Hotel Shanghai is up for sale?! With rates as high as 300,000 RMB per night, people are still scrambling to stay there?!

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,43,,,,,.OCT Shanghai Land is the sole holder of the sales assets and property rights.

2012,,.Shanghai Bulgari Hotel was originally planned to open in 2017 but was postponed until June 20, 2018. It is the sixth Bulgari Hotel globally and the second in China. The main structure consists of a 48-story tower and the renovated former site of the Shanghai General Chamber of Commerce.

,,,,.Regarding this, the board of Overseas Chinese Town (Asia) stated that if the sale goes through, it would allow the group to revitalize its assets and accelerate asset turnover in line with the company’s overall strategic planning. The cash inflow from the proposed sale will be used to repay loans and reduce the group’s interest-bearing liabilities.

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,82,19.The lowest price for the hotel on the night of October 31 was 6,529 yuan, and the highest price was 302,329 yuan, both including service fees.

,,,,.A quick search on social platforms shows that many netizens have visited these accommodations for check-ins.

,30,45,,1021.The staff also mentioned that a deposit of 4,000 yuan is required for a one-night stay, which will be refunded after check-out. For bookings of multiple nights, the deposit is calculated by the corresponding multiple — for example, a seven-night stay requires a deposit of 28,000 yuan.”

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