Jinjiang to build world's highest hotel in Shanghai

Shanghai Jinjiang International Hotels (2006.HK) is planning to build the world’s highest hotel, overtaking current rivals Park Hyatt (H.NYSE), also in Shanghai, and the soon-to-be-opened Ritz-Carlton (MAR.NYSE) in Hong Kong, Bloomberg reported. Occupying floors 84 to 110 of the 121-story, 632-meter Shanghai Tower – due to be completed in 2014 – the Shanghai Tower J-Hotel will be higher than the Park Hyatt in the 492-meter Shanghai World Financial Center and the Ritz-Carlton Hong Kong which will occupy floors 102 to 118 of the 490-meter International Commerce Center in Kowloon. The Burj Khalifa in Dubai will remain the world’s tallest building at 828 meters.