The Peace Hotel (Chinese: 和平饭店) is a hotel on The Bund in Shanghai, China which overlooks the Huangpu River. The hotel today operates as two separate businesses. The North Building, built as Sassoon House, originally housed the Cathay Hotel and is today the Fairmont Peace Hotel run by Fairmont Hotel and Resorts of Canada. The South Building was built as the Palace Hotel and is today the Swatch Art Peace Hotel . The two buildings both face the Bund, but are divided by the famous Nanjing Road, arguably the busiest street in Shanghai.