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Shanghai Daily News Digest

Failed hotel provides new home for seniors   2014-12-12

 

 

A NEW care home for the elderly in Hongkou District was officially opened last month after a year in development.

The Hongye Senior Home on Liyang Road, which can accommodate 250 people, was formerly the three-star Hongye Hotel. But when business in the hospitality sector slowed, its owners, Shanghai Guohong Asset Management Co, decided the time was ripe for a move into the senior care market.

With financial and administrative support from the local government, Guohong embarked on a redevelopment program in November last year.

 


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