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.

Bulgari Hotel is scheduled to open in London in April in the exclusive district of Knightsbridge, just in time for the Summer Olympics and the Queen’s Jubilee events.

Bulgari Hotel is managed by Bvlgari Hotels and Resorts, a joint venture between Italian jeweller Bvlgari (owned since last year by LVMH) and Marriott International.

Bulgari Hotels and Resorts already operates properties in Milan and Bali. The opening will signify the first luxury new-build hotel in 40 years to open in the city.