Peace Hotel - North Building

North Building

The larger North Building at Number 20, The Bund, is called Sassoon House. It was built by Sir Victor Sassoon, of the famous Sassoon family who dominated Shanghai business and real estate in the early 20th century. He was a British Sephardic Jew of Iraqi origin, and his family had extensive business in Hong Kong, Shanghai, and Calcutta. Sassoon House was the first high rise building built by Victor Sassoon. It was designed by P & T Architects Limited (Palmer and Turner), with a reinforced concrete structure. It occupied 4617 square metres, with a floor space of 36,317 square metres. Construction began in 1926 and completed in 1929. The building is ten storeys in height, partially thirteen storeys, and with a basement. The total height is 77 metres. From external design to interior decor, a consistent design scheme was followed. The building featured extensive use of straight lines in the exterior, with decorative patterns at pediments and eaves. Most of the building features granite facing, with the ninth floor and the roof surfaced with terracotta. The eastern facade (facing the Huangpu River and the Bund) features a pyramidal roof with steep sides and a height of about 10 metres. The pyramid is faced with copper (which is now green).

The building features an "A" shaped cross section. Before 1949, the ground floor space facing the Bund was leased to two banks. This space later became the Shanghai branch of Citibank in the 1980s. The rest of the ground floor featured a shopping arcade. Two main walkways crossed in the centre at an octagonal hall. The first to third floor were leased as offices. Sassoon's companies and subsidiaries had their offices in the fourth floor. The fifth to seventh floors housed the Cathay Hotel, with rooms decorated in exotic international themes. The eighth floor housed the main bar, a ball room, and a Chinese restaurant. The ninth floor is a night club and a small dining hall. The tenth floor was Victor Sassoon's private apartments. Within the pyramidal roof was the large dining hall.

Before 1949, the Cathay Hotel was regarded as the most prestigious hotel in Shanghai. Most international envoys visiting Shanghai would stay in the hotel. After the Communist takeover in 1949, some of the offices were used by the Municipal Finance Committee. In 1952 the building was taken over by the Municipal Government. In 1956 it resumed trading as a hotel under the name "Peace Hotel". In 1992 the Peace Hotel was listed as one of the famous hotels of the world by the World Hotel Association. It has become particularly renowned for its Jazz Band and its roof terrace restaurant, overlooking the now booming district of Pudong across the Huangpu.

In 2007, the hotel closed for a 3 year renovation and the North Building reopened in 2010 as the Fairmont Peace Hotel Shanghai. The hotel offers 269 deluxe guestrooms and suites with a selection of eight restaurants and lounges. A low-rise extension has been added to the rear of the hotel, housing guestrooms as well as a sky-lit swimming pool and spa. The renovation also preserved many elements of its historical 1920's and 1930s past.