Hyatt
Hotels Corporation announced today that a Hyatt affiliate has entered
into a management agreement with KY Development Co., Ltd., a Seoul
based manufacturing and distribution company, for a Hyatt Place hotel
in Seoul.
The hotel will be the first Hyatt Place hotel in Seoul, marking the upscale select service brand's entry into the South Korean and Northeast Asian markets. Expected to open in 2016, Hyatt Place Seoul will join three existing Hyatt-branded hotels in Seoul, including Park Hyatt Seoul, Grand Hyatt Seoul and Hyatt Regency Incheon.
Situated in Seoul's Dongdaemun area, an established shopping district and unrivalled tourist destination, Hyatt Place Seoul will offer 204 guestrooms, meeting facilities, a three-meal restaurant, a bar and fitness center. The new development is set to open in 2016 and will cater to the growing demand in business and leisure travel.
"Next to the hotel's site, we are currently developing the Dongdaemun Design Plaza & Park (DDP), which will contain a multi-use park, a fashion plaza, an underground mall, and the restoration of a number of national heritage items," said Oh-Choon Kwon, president of KY Development. "We expect the DDP to open by March 2014, and making Dongdaemun one of the most predominant fashion hubs in South Korea. We believe DDP will attract business travelers as well as leisure travelers to Hyatt Place Seoul."
The hotel will be the first Hyatt Place hotel in Seoul, marking the upscale select service brand's entry into the South Korean and Northeast Asian markets. Expected to open in 2016, Hyatt Place Seoul will join three existing Hyatt-branded hotels in Seoul, including Park Hyatt Seoul, Grand Hyatt Seoul and Hyatt Regency Incheon.
Situated in Seoul's Dongdaemun area, an established shopping district and unrivalled tourist destination, Hyatt Place Seoul will offer 204 guestrooms, meeting facilities, a three-meal restaurant, a bar and fitness center. The new development is set to open in 2016 and will cater to the growing demand in business and leisure travel.
"Next to the hotel's site, we are currently developing the Dongdaemun Design Plaza & Park (DDP), which will contain a multi-use park, a fashion plaza, an underground mall, and the restoration of a number of national heritage items," said Oh-Choon Kwon, president of KY Development. "We expect the DDP to open by March 2014, and making Dongdaemun one of the most predominant fashion hubs in South Korea. We believe DDP will attract business travelers as well as leisure travelers to Hyatt Place Seoul."
