Fairmont Hotels and Resorts has announced the opening of Fairmont Chengdu Residences, the luxury hotel brand’s first residential project in China. Building on Fairmont’s growing presence in Asia Pacific, the residences are part of a mixed-use development that will also include Fairmont Chengdu, a new luxury hotel scheduled to open in 2015. The 347-room hotel will include 52 serviced apartments. Shared amenities will include a 42nd floor restaurant, in-room dining, business center, fitness facilities, and Willow Stream Spa. Read more over at MarketWatch.