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Jeju Shinhwa World to open hotel accommodations April 25th

Landing International Development Ltd, a real estate firm located in mainland China, is set to debut an accommodation portion of the Jeju Shinhwa World, a resort located in South Korea this month. The resort will offer hotel accommodations starting on April 25th and is also set to have casino gaming in the future, along with other amenities.

The resort is located on Jeju Island and will open Somerset Jeju Shinhwa on the 25th, an accommodation section with 344 guest units, according to a report at GGRasia. This facility will be operated by The Ascott Ltd., which is a wholly-owned unit of CapitaLand Ltd, of Singapore.

In an earlier press release by Landing International, it was revealed that additional facilities of Jeju Shinhwa World would open later on this year. The full development is set to be finished by 2019, based on a company filing from last month.

In the previous press release by Landing, it revealed that from late 2017, the resort would be opening a family theme park, a water park, the YG entertainment center, hotel rooms, the largest retail/food beverage complex in Jeju and casinos. The casinos will be for foreigners only. MICE facilities are also to be opened, which refers to meetings, incentives, conferences and exhibitions.

Previously, it was announced by Landing International that 486 guest rooms would open at what was being called Jeju Shinhwa World Marriott Resort and Spa, later this year and then 144 guest rooms opened in a second phase, with 630 guest rooms offered in total.

The company already operates as well as owns Landing Casino, a gaming venue located on Jeju. This casino is located at the Hyatt Regency Jeju Hotel.

With the Jeju Shinhwa World project, Genting Singapore Plc was set to be involved, the operator behind Resorts World Sentosa of Singapore. In November of last year, the firm announced they were ridding themselves of their rights to take part in the Jeju Shinhwa World project, which previously had the working title of ‘Resorts World Jeju’ or ‘Myths and History Park’. The company stated they would be working on other projects including potentially investing in Japan.

 

Jeju Shinhwa World to open hotel accommodations April 25th was last modified: April 18th, 2017 by Marie Kelley


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