The property is being developed by Shanghai Shimao Property Group and designed by U.K. based engineering firm Atkins. According to SmartPlanet, the underground hotel is part of the larger project to build Shimao Shanghai Wonderland, a large-scale theme park. Reports say the hotel is expected to open in 2014 or 2015.

Just how much will this underground wonderland cost? If you're intrigued, industry experts say the nightly room rates will start at around $320 a night (RMB 2,000).

The hotel, The Intercontinental Shimao Shanghai Wonderland, will be managed by InterContinental Hotels Group (Photo: Shanghai Shimao Property Group/ Atkins)