On 17 October 2018, Rosewood Hotel Group announced its signing of hotel management agreements introducing Rosewood, its luxury hotel brand, into Shenzhen and Shanghai. The two Rosewood hotels are scheduled to open in 2022 and 2024.
The Hong Kong-based Rosewood Hotel Group, as one of the world’s fastest growing hotel companies, has or manages 63 hotels in 22 countries throughout North America, the Caribbean, Europe, the Middle East and Asia. Rosewood is the most luxury hotel brand of the group which demands strict standards in choosing the cooperating owners and geographic locations. China is a priority area in terms of the global development plan of Rosewood. Following Rosewood Chengdu, Rosewood Shenzhen and Rosewood Shanghai signify another important milestone addition to Rosewood Hotel Group’s expanding footprints in China.
Commerce & Finance Law Offices (“Tongshang”), acting as the legal counsel of Rosewood Hotel Group, provided full legal support for the two projects, which include conducting legal due diligence, negotiating hotel management agreements and other ancillary agreements, preparing other transaction documents etc. The comprehensive and high quality legal services delivered by Tongshang are highly recognized and unanimously praised by all parties involved.