Legoland Shanghai Resort set to open in 2024

Under the terms of the agreement, all parties involved will form a joint venture company and contribute funding to the construction and development of Legoland Shanghai. The total project investment is expected to be approximately $550 million. Construction of the project is scheduled to start next year.

Legoland Shanghai will be one of the largest in the world and will incorporate a 250-room themed hotel. Inspiration for the resort will be drawn from famous scenic spots in Shanghai, Jinshan district and the town of Fengjing.

"China represents a great opportunity for strong global brands and I am delighted to work with our partners to bring one of the world's largest Legoland Resort to Shanghai," said Nick Varney, chief executive of Merlin Entertainments.