Bulgari Hotels & Resorts will open a new hotel in Shanghai in 2015, announced Bulgari China on its Sina Weibo microblog Thursday.

The new hotel, to be located in a riverside complex in the artistic district of Suhe Creek, will be the fourth for the luxury hospitality group, a joint venture between Italian jeweler Bulgari and Marriott International.

President of LVMH Watches & Jewelry and great grandson of Sotirio Bulgari, founder of the eponymous Italian brand, Francesco Trapani, said in another Weibo post: “I believe this new Bulgari Hotel will bring to China an unparalleled standard of luxury.”

The 120-room Bulgari hotel in Shanghai will be located on the upper 12 floors of a 40-storey building designed by London-based architectural firm Foster + Partners.

Some of the amenities at the new luxury property will include a rooftop swimming pool, a ballroom and a 21,600-square-foot spa.

To date, the Bulgari Hotels & Resorts group has properties in London, Milan and Bali.