CHICAGO, IL – Hyatt Hotels Corporation has announced that a Hyatt affiliate entered into a management agreement for Park Hyatt Busan with Hyundai Development Company, a Seoul-based real estate developer and construction company and owner of Park Hyatt Seoul. Slated to open in 2013, Park Hyatt Busan will be part of an iconic, mixed use development project comprised of three residential towers, one office tower, and retail space, which will be located on a prominent 10-acre site adjacent to Haeundae Beach.
“The Park Hyatt Busan project demonstrates the diversity and versatility of our efforts to enhance guest loyalty by expanding the presence of all Hyatt-branded hotels around the world in destinations like Busan where our guests are traveling,” said Ratnesh Verma, senior vice president, real estate and development for Hyatt Hotels & Resorts. “The quality of the Park Hyatt brand and the location of this project are expected to provide great appeal to business and leisure travelers alike.”
Park Hyatt Busan will feature 268 guestrooms, including 69 suites, that will range from 535 sq ft (49.7 sq m) to 2,150 sq ft (200 sq m). The hotel will also offer more than 7,700 sq ft (715.3 sq m) of meeting and event space, in addition to two restaurants, lobby lounge, fitness center, seven-treatment room spa, and an indoor pool. The newly constructed hotel is designed by New York architect Daniel Libeskind, and Tokyo-based Super Potato is designing the hotel’s interiors.
“We are delighted and honored to work with Hyatt on a second Park Hyatt project,” said Hyundai Development Company. “With the great success of Park Hyatt Seoul, we look forward to introducing the Park Hyatt brand to Busan, one of the most popular beach destinations in South Korea.”
The hotel will be accessible via Gimhae International Airport, the KTX high-speed train and ferry.