Fosun International Ltd plans to build the first seven-star Atlantis luxury hotel in Shanghai near the under-construction Disneyland.

“We are talking seriously with Atlantis headquarters on the project,” said Liang Xinjun, vice chairman and chief executive of the Shanghai-based real estate and investment conglomerate.

“They (Atlantis executives) are really interested in building it near Disneyland,” Liang said during the 12th Shanghai Committee of the Chinese People’s Political Consultative Conference meeting, which ends tomorrow.

In October Fosun said it will build a US$1.6 billion resort on Hainan island, co-developed with South Africa’s Sun City casino tycoon Sol Kerzner. The Hainan resort will be the first Atlantis brand in China and the world’s third after those in Dubai and Bahamas.