The project will also include 180 Fairmont Serviced Residences, providing access to private concierge services and other exclusive amenities.

Expected to open in 2017, Fairmont Hangzhou will feature 300 rooms, five diverse dining outlets, a health club and swimming pool, a Willow Stream Spa, and more than 32,000 square feet (3,000 square meters) of meeting and banquet space.

Like many of its iconic sister hotels around the world, which lay claim to some of the best addresses in town, Fairmont Hangzhou will be located atop the city's tallest building, enjoying an enviable spot in the heart of Qianjiang Century CBD, an upcoming business center that will house large scale meeting and convention venues, Grade A office towers, high-end residences and commercial and retail spaces.

"We continue to expand our footprint in China and are excited to be adding a hotel in a major domestic market like Hangzhou," said Jennifer Fox, president, FRHI International and Fairmont Brand. "It's a city that is renowned for its culture, history and beauty, as well as a destination that attracts both domestic and international travelers. Furthermore, with rail and airport expansion projects underway, and visitor numbers expected to rise, it's an opportune time to be entering the market."

Mr. Shi Zhongan, Chairman of the Board, Zhong An Real Estate Limited said "Hangzhou International Office Center is a landmark project located in the core area of Hangzhou Qianjiang Century CBD. This project possesses great development potential and has gained great attention from the market. It combines a high-end hotel, commercial facilities, office space, and serviced apartments into one development, which incorporates the world's leading design and green architecture practices. Fairmont being one of the top hotel management companies in the world has strong brand visibility and a solid high-end customer base. With our partnership, we come together to share resources and to create a successful win-win collaboration. The entrance of the Fairmont hotel will further enhance the brand influence of Hangzhou International Office Center and accelerate the overall financial and business service development of Hangzhou Qianjiang Century CBD."

Often referred to as one of China's most beautiful cities, Hangzhou is home to the celebrated West Lake, a UNESCO World Heritage Site, which features various temples, pagodas and gardens. The freshwater lake has served as influence to poets and painters over the ages and is also believed to have been an important source of inspiration for garden designers throughout China and Asia. Other well known historical and cultural sites include Solitary Hill, the Tomb of General Yue Fei, the Six Harmonies Pagoda and the Ling Yin Temple. The area is also home to the world's largest tidal bore, which rushes up the Qiantang River.

Fairmont Hangzhou joins the luxury brand's growing collection of hotels in China including Fairmont Peace Hotel, Shanghai; Fairmont Beijing; Fairmont Yangcheng Lake; Fairmont Nanjing (2013); Fairmont Chengdu and Residences, China (2014); and Fairmont Taiyuan (2016).