Hyatt has signed a management agreement with
Lotte Tour Development Co., Ltd. for a Grand Hyatt hotel in Jeju
City, South Korea.
The new hotel, expected to be the second largest
Grand Hyatt hotel in the world, will be Hyatt’s sixth property in
The Grand Hyatt Jeju will have 1,600 rooms, 11 food
and beverage outlets, approximately 1,200 square meters of meeting
space, indoor and outdoor pools, fitness center, two spas (Western
and Korean) with a total of eight treatment rooms and two kids
Lotte Tour will be the lead developer of the Dream
Tower Integrated Resort project in Jeju, along with Greenland
Group, one of China’s largest state-run real estate developers.
The project will feature two towers as well as a retail podium.
“We are extremely pleased to be
collaborating with Lotte Tour for the first time. As one of South
Korea’s leading multinational corporations, Lotte Tour has a deep
legacy of travel and hospitality in the country,” said David Udell,
Group President, Asia-Pacific at Hyatt. “We look forward to
working with Lotte Tour to create a new vision of the Grand Hyatt
brand in Jeju, reflective of the island’s unique environment, and
providing travelers with our first-class service and hospitality.”
over 12 million passengers flew between Seoul and Jeju, making the
route one of the world’s busiest passenger air routes. The city
has experienced a surge in Chinese demand within the past decade,
seeing more than 3 million tourists from mainland China last year,
and welcoming over 10 million visitors annually from South Korea,
Japan and China.
More on this story to come...