.

After the founding of the People's Republic of China in 1949, the hotel reopened as Peace Hotel in 1956. And after recent renovation, all the rooms and restaurants are furnished with first-class facilities to provide guests with the best comfort and convenience. Peace Hotel is truly a fusion of ancient and modern, Eastern and Western.
The 12-storey Peace Hotel, built in the Gothic style of the Chicago School, first opened as the Cathay Hotel in 1929.The hotel's granite exterior with its copper-sheathed roof rises 77 meters above ground level. The first owner of the Cathay Hotel was Victor Sassoon, an Iraqi Jew of British who had made a fortune trading in opium and weapons. The hotel was symbolized the most luxurious "Number One mansion in the Far East " along the Bund for it's the milky-yellow walls, the revolving hall gate, the white floor of Italian marble, and the copper-colored chandelier. 
Cathay Hotel was well known in Shanghai for its luxury and magnificence. It accommodated mostly distinguished guests from countries all over the world, including Politicians, financiers, entrepreneurs, important Chinese officials and Social celebrities, such as General Marshall, Charlie Chaplin, Bernard Shaw. And it was in Cathay Hotel that Noel Coward completed his famous play "Private lives".