Grand Hyatt to run hotel at Jeju Dream Tower

Lotte Tour Development Co has selected Grand Hyatt as the hotel brand for its Jeju Dream Tower integrated resort.

The hotel services agreement was signed on August 28 for Hyatt to operate 1,600 rooms, 11 restaurants and bars, and all other hotel amenities.

It will be the world’s second-largest Hyatt hotel in terms of room capacity.

Lotte Tour revealed that it chose Grand Hyatt due to its resonance with the Chinese market, which it says, is a major target market for Jeju Dream Tower.

Mr. Ki-byung Kim, chairman of Lotte Tour Development said: “With the solid partnership that has been formed between the Greenland Group, China’s largest property developer and co-developer of this project, China State Construction Engineering Corporation (CSCEC), world’s largest construction company and main contractor who provided an unconditional complete guarantee, and Grand Hyatt as hotel operator, Jeju Dream Tower Integrated Resort is expected to become a major tourist destination on Jeju Island. It will also create 3,000 jobs including hoteliers and casino dealers, and contributes tens of billions of Korea won to Jeju Tourism Promotion Fund every year."

The integrated resort is 169 meters tall with 38 stories, covering a total floor area of 303,737 sqm.

Each room in Grand Hyatt Jeju will be over 65 sqm.

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