Hyatt Hotels Corporation has announced plans for a Grand Hyatt hotel in Jeju City, South Korea. The hotel will be the company’s sixth property in the country and is expected to be the second largest Grand Hyatt in the world.
Jeju City is located on Jeju Island south of the Korean Peninsula. It is only about an hour from the country’s capital, Seoul, making it one of the most popular destinations in South Korea.
In 2016, more than 12 million travelers flew between Seoul and Jeju. In the past 10 years, the city has seen a surge of tourists, particularly from China, with three million tourists from the mainland alone and 10 million combined from South Korea, Japan, and China.
Grand Hyatt Jeju will house 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 eight treatment rooms and two kids clubs. The project will include two towers as well as a retail podium.
The hotel company has entered into a management agreement with Lotte Tour Development Co., Ltd.Lotte Tour will be the lead developer of the Dream Tower Integrated Resort project in Jeju, with help from Greenland Group, one of China’s largest state-run real estate developers.
This certainly won’t be the first luxury property for the city. Earlier this summer, Four Seasons announced plans to build a 240-room resort with rooms, suites, and villas. Development is expected to begin later this year.