IHG Continues Asian Expansion with Third Holiday Inn in South Korea
IHG (InterContinental Hotels Group), the world’s largest hotel group by number of rooms, today announced the signing of Holiday Inn Incheon Songdo, in partnership with OK Center Development Co. Ltd, jointly held by Incheon Development & Tourism Corporation (City of Incheon affiliate) along with TWG Group USA LLC.
Scheduled to open in mid-2014, the hotel will mark the entrance of the Holiday Inn brand into Incheon Songdo – South Korea’s first free economic zone – and its third Holiday Inn property in South Korea following Holiday Inn Seongbuk and Holiday Inn Gwangju.
The 202-room property is nestled within Songdo Central Park, a green oasis in the midst of the country’s first international hub city. It is conveniently situated above the Central Park subway station and other attractions within the vicinity include Muui Island, Ulwang-ri, as well as famous Korean drama sets. It will be within close proximity to the award-winning Incheon International Airport, and a 40-minute drive from the Seoul Metropolitan areas, making it an ideal choice for both business and leisure travellers. The area will also be further enhanced with medical centres, malls and entertainment facilities, which are all in the pipeline.
Spanning 16,000 square metres, the 12-storey property offers comfortable rooms and suites, an all-day dining restaurant, lobby lounge bar, a multi-purpose ballroom, as well as meeting and function facilities alongside business and fitness centres.
Kil Hak Kyun, President and Representative Director of OK Center Development Co Ltd commented, “We are honoured to partner a reputable and established hotel operator and I am confident that IHG’s international expertise and our local knowledge will give us an edge to win in the market.”
“There is a growing demand here for high-quality hotel accommodation at great value and we are pleased to have found the right partner in OK Center Development Co. Ltd to increase our presence through one of our most celebrated brands,” said Jan Smits, Chief Executive Officer, IHG Asia, Middle East and Africa.
Commemorating its 60th anniversary this year, Holiday Inn continues to innovate and adapt to guests’ ever changing needs, especially in Asia. There are currently 112 hotels and resorts spread across the Asia Pacific with another 70 to come over the next three years.