The Peace Hotel sits on Shanghai's famous Bund (Waitan) and overlooks the Huangpu River. The North Building; Sassoon House; wad built by Sir Victor Sassoon and originally housed the Cathay Hotel and is today the Fairmont Peace Hotel. The South Building was built as the Palace Hotel and is today the Swatch Art Peace Hotel . The two buildings both face the Bund; but are divided by Nanjing Road.

Distinguished guests include Charlie Chaplin; George Bernard Shaw; Noel Coward and Sun Yatsen's wife; Song Qingling.

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