The AIA Central in Hong Kong is a 185 m (607 ft.), 40 storey skyscraper that was completed in 2005. It is located in Central, not far from the landmark Bank of China Tower. The Furama Kempinski Hotel, famous for its revolving restaurant, formerly stood on the same lot that the AIG Tower rises from, but in December 2001, the 33-story hotel was demolished in order to make way for the AIG Tower. The building was jointly developed by Lai Sun Development, CapitaLand, and insurance giant American International Group (AIG), which is also a major tenant of the building. The architectural firm Skidmore, Owings and Merrill designed the building to look like the Chinese junk, a Chinese sailboat design dating from ancient times and still in use today.