China’s Richest Kid Spent Over $500 Million to Build Shanghai’s First 7-Star Hotel

China’s Richest Kid Spent Over $500 Million to Build Shanghai’s First 7-Star Hotel

June 15, 2016
Many of us can’t afford to stay at five-star hotels, so chances are we don’t even know what a seven-star hotel looks like.
The son of China’s richest man, Wang Sicong, recently spent $516.7 million dollars building Shanghai’s first seven-star hotel. Thanks to him, we can now gawk at the beautiful pictures online.
The Wanda Reign on the Bund, conveniently located on the Bund, Huangpu River, is scheduled for its grand opening this Saturday, June 18, in Shanghai.
Those who are able to fork out an arm and a leg to stay at one of their luxurious rooms can bask in its opulence and take in the scenic views of the Pudong skyline.
The hotel features 179 rooms and 14 suites that are “digitally controlled and equipped with wireless control dashboards, valet services boxes, Hermes or L’Occitane amenities, and the “Bed of Reign” that features “exquisite bed linen.”
Sicong, who is known as China’s richest son, gained publicity when he blew thirty grand at a nightclub and over $380,000 at a karaoke bar on another night.
For his hotel, Sicong hired famous British architect Norman Robert Foster to design the Wanda Reign.
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According to Shanghaiist, Foster is known for his work on landmark office buildings in the U.K.
The Wanda Reign on the Bund also boasts a number of restaurants that include buffet breakfasts, Shanghainese afternoon tea and all-you-can-eat dinners.
MARC, a French fine-dining restaurant and club, is headed by two-star Michelin chef Marc Meneau.
The hotel also has a grand ballroom, conference and multi-purpose function rooms for various events.
Sicong is aiming to make the hotel both a business and recreation destination.
The “Club Reign” is described as a private luxury club of Wanda Hotels and Resorts.
“The extravagant recreational facilities and majestic views of the city will create an intimate, exclusive business and leisure environment. Club Reign will generate a profound sense of dignity for VIP members,” according to the hotel’s website.
Photos from the website also show a dazzling pool and a well-equipped fitness center.
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