Lotte Hotels & Resorts

Lotte Hotels & Resorts
Industry Hospitality industry
Founded 1973 (1973)
Headquarters Seoul, Republic of Korea
Area served Republic of Korea, Russia
Key people Shin Kyuk-Ho
(Founder)
Products Lotte Hotel Seoul, Lotte Hotel Busan, Lotte Hotel World, Lotte Hotel Jeju, Lotte Hotel Ulsan, Lotte City Hotel Mapo, Lotte Hotel Moscow, Lotte Resort Buyeo, Lotte City Hotel Gimpo Airport
Website [1]

«Lotte Hotel»is a Korean luxury hotel chain operated by Lotte Hotel Co., Ltd., the hospitality arm of the Lotte Group. The company was founded in May 1973. Starting with the opening of Lotte Hotel Seoul in 1979, luxury chain hotels opened in Jamsil, Busan, Jeju, and Ulsan. The first business hotel, Lotte City Hotel Mapo, opened in April 2009, and the first overseas chain, Lotte Hotel Moscow, opened in June 2010. On December 8, 2011, the second business hotel, Lotte City Hotel Gimpo Airport will open within the Lotte Mall Gimpo Airport complex.[1] [2] [3] [4]

History

Lotte Group was originally established in Japan and expanded into Korea with the establishment of Lotte Confectionery Co., Ltd in 1967. Lotte Group consists of over 60 business units in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, heavy chemicals, electronics, IT, construction, publishing, and entertainment.

«Lotte Hotels & Resorts» was founded in 1973 with the opening of first hotel of the chain «Lotte Hotel Seoul».

The second hotel «Lotte Hotel Busan» was opened in 1984 in Busan, South Korea's second largest metropolis after Seoul and its largest port city.

Company expanded its business in 1989 and opened a recreation complex «Lotte World» which consists of a large indoor theme park, an outdoor amusement park, an island linked by monorail, shopping malls, a hotel, a Korean folk museum, sports facilities, and movie theatres in one area.

«Lotte Hotel Jeju» was opened in 2000 on Jeju Island, which has a temperate climate, natural scenery, and beaches. Jeju is a popular tourist destination for South Koreans as well as visitors from other parts of East Asia. Two years later the chain opened «Lotte Hotel Ulsan».

The sixth hotel «Lotte City Hotel Mapo» was opened in 2009 in Mapo, Seoul's district. This "city hotel" caters to business travelers. There is also a sister hotel in Tokyo, Japan (Lotte City Hotel Kinshicho).

The first chain hotel abroad («Lotte Hotel Moscow») was opened in Russia in 2010.

«Lotte City Hotel Gimpo Airport» is set to open in Banghwa-dong, Gangseo-gu, Seoul, on December 8, 2011. The hotel is situated within the Lotte Mall Gimpo Airport complex with easy access to Incheon International Airport and downtown Seoul. It is a specialized premium business hotel offering a one-stop venue for comfortable rest, shopping, leisure, and entertainment. The hotel offers affordable rates in the lower and mid-range by focusing on the accommodation function and minimizing additional services. The 8-story building houses 197 rooms, 1 buffet restaurant, banquet halls, business conference rooms, fitness center, and coin laundry.

References

  1. ^ Kwon Mee-yoo (April 9, 2009). "Lotte Opens Business Hotel". Korea Times. http://www.koreatimes.co.kr/www/news/art/2009/11/144_42887.html. Retrieved 25 March 2010. 
  2. ^ Lee Joo-hee (April 11, 2009). "Lotte opens new business hotel". The Korea Herald. http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2009/04/11/200904110009.asp. Retrieved 25 March 2010. 
  3. ^ "Korean Samurais back in the rumour mill". IFR Asia. November 28, 2009. http://www.ifrasia.com/330339.article?saddnavigator=categorynavigator%28sort=frequency/descending%29,monthnavigator%28sort=number/descending%29,yearnavigator%28sort=name/descending%29,storytypenavigator%28sort=frequency/descending%29,organisationsnavigator%28sort=frequency/descending%29&saddfilter. Retrieved 25 March 2010. "Lotte Hotels & Resorts issued a ¥10bn three-year FRN. Pricing is estimated around three-month yen Libor plus 80bp area. Shinhan Investment Corp was lead ..." 
  4. ^ Brooke, James (March 11, 2003). "Trial Runs of a Free Market in North Korea". The New York Times. http://www.nytimes.com/2003/03/11/business/trial-runs-of-a-free-market-in-north-korea.html?pagewanted=all. Retrieved 25 March 2010. "We are interested in one day opening restaurants in Pyongyang, Kwon Won Sik, president of the Lotte Hotels and Resorts chain, said during a pause in a mountain hike here." 

External links