Lexington Hotel Expands in South Korea with Two New Builds on Jeju Island
CLEVELAND - January 21, 2015 - Vantage Hospitality Group's Lexington® by Vantage brand continues to grow in South Korea with the announcement of new construction projects in Seogwipo and Jeju City on the island province of Jeju. Both properties are full-service hotels in the mid to upper mid-tier segments, and will carry Vantage's Value Hotel WorldwideSM brand, as Lexington Hotels are known in South Korea.
Vantage Hospitality, a top 10 hotel company worldwide with over 1,200 properties, entered into a master license agreement with Service Legend Inc. in 2012 to introduce the Value Inn Worldwide and Value Hotel Worldwide brands to South Korea. The first Value Hotel Worldwide, a 20-floor, 300-room property in Suwon, opened in November 2013, while a 307-room project in Sejong City is expected to be completed in 2016. All four of the Lexington Hotels in South Korea also are managed by Service Legend.
Located off the southern coast of South Korea, Jeju Island is a popular vacation spot for domestic Korean tourists and visitors from other Northeast Asia locales, as it is a short flight from Seoul, Tokyo, Beijing, Shanghai, Taipei, Shenyang and Tianjin. The volcanic island is known for its natural beauty, great hiking, golfing, beaches and theme parks, and hosted World Cup soccer games in 2002.
The 225-room Value Hotel Worldwide in Seogwipo, which is expected to open this December, will provide a full-service experience for both leisure and business travelers. It will include nine floors of guestrooms and suites, and feature an indoor swimming pool, spa, fitness center, restaurant, cafe and banquet facilities.
The 357-room property in Jeju City, which is scheduled to open in late 2016, will include 18 floors of guestrooms and feature a fitness center, sauna, restaurant, cafe, banquet hall and sky lounge. The city is the capital of Jeju Island and is located just seven minutes from the airport and within walking distance of great dining and shopping.
“Jeju Island is one of the most popular leisure destinations in Asia, so we are very pleased that the continued development of our Lexington brand will take place there. Jeju is also the most wanted M.I.C.E. (meetings, incentives, conferences & exhibitions) destination in South Korea, so these multi-purpose hotels will also appeal to that crucial segment,” said Bill Hanley, Vantage's Group President of International Development.
For more information about Vantage Hospitality Group and its brands, please visit VantageHospitality.com or call 888-316-2378.
About Vantage Hospitality Group, Inc.
Vantage Hospitality Group, Inc., has been recognized as one of the fastest-growing hotel companies in the history of the lodging industry, and is the only hotel company to be ranked among the Inc. 500/5000 List of America's Fastest-Growing Private Companies for eight consecutive years. Supported by the resources of a franchise and the freedom of a membership organization, hotel owners around the globe have embraced Vantage's philosophy that puts control back in their hands, allowing them to be “In Business for Themselves, Not by Themselves.” Vantage is among the top 10 hotel franchisors based on the number of hotels in its system, with over 1,200 properties worldwide. Whether a property is a member of Vantage's legacy brands, the award-winning Americas Best Value Inn brand (with its sister brands, Canadas Best Value Inn and Value Inn Worldwide) and the ground-breaking Lexington by Vantage, or a member of Vantage's recently acquired brands, Jameson Inns & Suites, Country Hearth Inns & Suites, America's Best Inns & Suites, 3 Palms Hotels & Resorts, and Signature Inn, all Vantage brand members enjoy the opportunity to maximize their revenue and asset value through Vantage's low fees and reasonable contract terms; flexible, straightforward agreements; A Voice and A Votesm in major brand initiatives; the most comprehensive resources, support and CRS in the industry; sensible PIPs, and a culture that is centered on educating, not mandating. Membership in Vantage brands will be offered soon through Vantage Franchising, Inc., a wholly-owned subsidiary of Vantage Hospitality Group, Inc. For more information, visit www.VantageHospitality.com.
Contact:
Al Cohen
Vantage Hospitality Group
888-316-2378
[email protected]
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