CLEVELAND, OH—Vantage Hotels’ Lexington brand continues its expansion throughout South Korea, with a 340-room new construction in the country’s second-largest city, Busan.
The property, which is expected to open in November 2017, will be a full-service hotel under Vantage’s Value Hotel Worldwide name, by which Lexington Hotels are known in South Korea. The property is the sixth new-build in the country to be introduced by Vantage’s master licensee for South Korea, Service Legend, Inc. A 20-floor, 300-room property in Suwon, South Korea was the first to open in December 2013.
Located on the southeastern tip of the Korean peninsula, Busan is the cultural, educational and economic center of the region, according to Vantage. It is home to the country’s largest beach, Haeundae Beach; Busan International Film Festival; Nampo-Dong shopping area; Gwangbok-dong Cultural Center; Jagalchi Market and Gukje Market; and is the largest port city in South Korea.
The 24-floor hotel will feature a top-floor restaurant/sky lounge, fitness center, gift shop, outdoor terrace, business center and meeting rooms. A key part of the redevelopment of the city’s North Port area, the hotel will be close to the Busan International Ferry Terminal and Busan Train Station.
“Only two of the 17 business hotels in Busan are in the same part of town as our hotel site, so we look forward to providing a much-needed lodging option there. It’s also exciting to be included in the North Port Redevelopment Project, which is transforming the original port into a cultural center and tourist destination,” said Bill Hanley, group president, Vantage International Division.