Value Hotel Worldwide to Build Second Hotel in South Korea
Thursday June 27th, 2013 - 3:18PM YG
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CLEVELAND—Value Hotel Worldwide is set to construct its second new-build in South Korea, in the city of Suwon.
The 20-floor, 300-room property features five floors of underground parking, shops, office, restaurants, and lounges. Amenities include an exercise room and spa, meeting space, banquet facilities, and WiFi throughout the guestrooms and public areas.
The new-construction hotel is projected to open December 2013.
Value Hotel Worldwide announced two months ago that it was developing the first upscale hotel, the largest of any kind, in the new city of Sejong, South Korea.
In December 2012, Vantage Hospitality Group entered into a master license agreement with Service Legend, Inc., to bring the Value Inn Worldwide and Value Hotel Worldwide brands to South Korea.
Tags: • Hospitality • Construction/Renovation • Brands •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.