How one of Beijing’s most luxurious hotels is becoming a premium retirement home

Legendale Hotel Beijing, a luxury hotel in the heart of the Chinese capital, has closed to guests and is set to be converted into an ultra-premium nursing home. Admission requires an insurance premium of more than 18.88 million yuan (US$2.8 million), a source said. Beijing’s Dongcheng district housing authority recently disclosed that it had brought Ping An Life Insurance, part of China’s largest insurance group, on board to help redevelop the established five-star hotel. Located near Peking…

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