(Hospitality Business News) SHANGHAI, Dec. 20, 2010 Today, Interstate (China) Hotels & Resorts Company Limited ("Interstate China"), a wholly owned subsidiary of a joint venture between Thayer Lodging Group ("Thayer"), a US-based private equity real estate firm, and Shanghai Jin Jiang International Hotels (Group) Company Limited ("Jin Jiang Hotels") China's leading hotel group, has been appointed by Shanghai Tower Group to manage the world's highest luxury hotel – Shanghai Tower J-Hotel.
Due to open in 2014, the new Shanghai Tower J-Hotel is the centerpiece of the stunning Shanghai Tower being constructed in the hub of the central business district of Lujiazui, Pudong, neighboring the Shanghai World Financial Center and Jin Mao Tower. Upon completion, Shanghai Tower will be China's tallest building and the second tallest in the world rising 121 stories (2,073 feet) with a GFA of more than six million square feet.
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