I am staying at the Fairmont Peace Hotel in Shanghai and it is possibly quite the most beautiful hotel I have ever seen. As you know, the Sassoons built it on the Bund in 1929 and it was the Cathay Hotel. Stuck in bed here the following year with flu, Noel Coward wrote Private Lives.
The restoration is exquisite. It is classic art deco using the finest marble, gilt, bronze. The rooms are gorgeous—both in decor and facility. The restaurants and bars and lounges are fabulous—and the Chinese government must have spent gazillions on it.