How one of Beijing’s most luxurious hotels is becoming a premium retirement home

Legendale Hotel Beijing, a luxury hotel in the heart of the Chinese capital, has closed to guests and is set to be converted into an ultra-premium nursing home. Admission requires an insurance premium of more than 18.88 million yuan (US$2.8 million), a source said. Beijing’s Dongcheng district housing authority recently disclosed that it had brought Ping An Life Insurance, part of China’s largest