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Forbes Travel Guide Four-Star Fairmont Peace Hotel in Shanghai boasts eight restaurants and dining facilities. The Cathay Room offers diners European flavors and rich décor. The large terrace, located at the head of the restaurant, provides magnificent views of the Bund and the start of the famous shopping street, Nanjing Road. On the eighth floor, Dragon Phoenix is a premier venue for Chinese cuisine. Its style and ambience represent classical Eastern luxury, and it’s an impressive venue for entertaining guests and business associates (four private dining rooms are also available). Lastly, Jasmine Lounge offers a traditional tea experience, elegant evening cocktails and delicious savories.