The luxury goods brand has a further two properties – the Bulgari Hotel Milan, which opened in 2004, and the Bulgari Resort Bali, which opened in 2006.
The Shanghai hotel will be located in a riverside metropolitan complex development in Suhe Creek, a protected heritage zone in the Zhabei District.
The Bulgari Hotel will be located in the 12 upper floors of a 40-storey building designed by architecture team Foster + Partners.
The hotel will have 120 rooms and suites - including the 400sqm Bulgari suite – as well as a ballroom, spa, and rooftop Italian restaurant.
A Chinese fine dining restaurant will be created in the former Chinese Chamber of Commerce building at the site, which dates back to early 1900.
"The new Bulgari Hotel in Shanghai will be another important step for the Bulgari Hotels & Resorts project and a further precious occasion of visibility in such a strategic market for luxury goods," said Francesco Trapani, president and chief executive of Bulgari’s LVMH division.