Korean Air today signed a contract with Hyatt International to operate a 10-story, 530-room hotel scheduled to open at Seoul’s Incheon International Airport in May 2003.
“We have identified the world’s leading hotel chain to manage this new venture,” said Korean Air Chairman and CEO, Y.H. Cho, during a signing ceremony at the Grand Hyatt Seoul with Bernd Chorengel, president of Hyatt International. Korean Air develops hotels through its hotel division and owns four other hotels in the U.S. and Korea.
Under the banner of Hyatt Regency, the new hotel will offer deluxe accommodations, state-of-the-art fitness facilities, spacious swimming pools and a variety of
international cuisine for transit passengers, as well as a full range of meeting, convention and banquet services featuring multi-functional conference facilities.
The hotel, presently 70 per cent complete, is a “Y” shape design symbolizing Hanjin Transportation Group’s dominance on land, ocean and air, through its flagship Korean Air.
“With Incheon’s competitive geographic positioning in Asia and its easy access to numerous destinations, this property will enable businesses to conduct cost- and time-efficient meetings in a first class setting,” said Mr. Cho.
Korean Air selected Hyatt International on the basis of Hyatt’s premier standing in the industry, its worldwide experience and network, its strength in the Asia/Pacific region, the value of the Hyatt brand and the solid marketing partnership that currently exists between the two organizations