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Forbes Travel Guide Five-Star Waldorf Astoria Shanghai on the Bund is made up of two buildings: the new tower, which opened in December 2010, and the historic Heritage Building, which opened in the fall of 2010. The Heritage Building is 101 years old and has restored detailing, including wainscoting, crown moldings and the mantels inside its 20 suites. Both the historic building and the new tower are luxurious, with trey ceilings, gleaming marble floors, plush carpeting and armchairs upholstered in rich fabrics. Old meets new in the guest rooms. They give a nod to Shanghai’s foreign and Chinese roots with Art Deco-inspired lighting and chinoiserie cabinets, while digital controls give the room a contemporary boost.