Crescent Hydropolis Resorts received sea rights from China to build the world’s first underwater hotel and resort. The resort’s name is Hydropolis Qingdao and the tower will be located on 33,000 sq meters of land that was formerly the Ocean Entertainment Park in Qingdao, while the actual underwater hotel section will be located southwest of the island of Chidao. The HydroTower component is expected to be complete prior to the start of the 2008 Beijing summer Olympic Games and the sea-based Hydropalace will be in operation in 2009. The company is also working on the underwater hotel in Dubai, with plans to build in London, Monaco, Munich, New York and the Isle of Man. www.crescent-hydropolis.com