Starwood and Shanghai You You Group have announced an agreement whereby Starwood will manage the Sheraton Shanghai Hotel and Residences, Pudong in China.

Scheduled to open in mid-2008, the hotel and residences will be part of a multi-purpose complex that houses the hotel in one tower and serviced residences, offices and retail space in the other two towers.

The hotel will feature 509 rooms, 150 serviced residences, and close to 16,400 square feet of meeting and function space. The hotel facilities will also include four dining outlets, a health club and spa, an indoor swimming pool and retail center.

Located in the Pudong district of Shanghai, the hotel will be next to the new Shanghai World Exposition site, venue of the Shanghai World Expo in 2010, and Nanpu Bridge, providing easy access to the city's central business district and places of interest on both sides of the Huangpu River.