Lotte Hotels & Resorts
 | |
| Industry | Hospitality industry |
|---|---|
| Founded | 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 Hotel Mapo, Lotte Hotel Moscow |
| Website | [1] |
Lotte Hotels & Resorts is a South Korean hotel chain, part of the Lotte Group. It consists of 7 hotels. It is the first Korean hotel chain which expanded into Europe.[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 at the Jeju Island, which temperate climate, natural scenery, and beaches make it a popular tourist destination for South Koreans as well as visitors from other parts of East Asia.
Two years later chain enriches with new «Lotte Hotel Ulsan».
The sixth hotel «Lotte City Hotel Mapo» was opened in 2009 in Mapo, Seoul's district. The hotel called "city hotel" and was specified as business hotel.
The first chain hotel abroad («Lotte Hotel Moscow») is planned to be open in Russia, Moscow in 2010.
References
- ^ Kwon Mee-yoo (April 9, 2009). "Lotte Opens Business Hotel". Korea Times. Retrieved 25 March 2010.
- ^ Lee Joo-hee (April 11, 2009). "Lotte opens new business hotel". The Korea Herald. Retrieved 25 March 2010.
- ^ "Korean Samurais back in the rumour mill". IFR Asia. November 28, 2009. 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 ...
{{cite news}}: Unknown parameter|wvcategory=ignored (help) - ^ Brooke, James (March 11, 2003). "Trial Runs of a Free Market in North Korea". The New York Times. 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.