Shinhwa World to add condos, villas amid recovery: exec

Jeju Shinhwa World, a leisure complex with a foreigner-only gaming venue called Landing Casino, on the South Korean holiday island of Jeju, aims to add 100 more units of ‘Somerset’-branded condominium accommodation and villas, in a second phase of development, a resort executive told GGRAsia during the latter’s site visit this month.

The timetable and cost for that work is still to be announced, said the executive.

Jeju Shinhwa World (pictured) is operated by Hong Kong-listed Landing International Development Ltd, and opened in March 2018. It currently has 2,062 hotel rooms. They consist of 615 rooms under the Landing Resort brand; 533 rooms under the Shinhwa Resort brand; 572 rooms under the Marriott brand; and 342 rooms under the Somerset brand.

The executive – who asked not to be identified by name – said to GGRAsia that after a “dark” period, linked to travel and tourism restrictions associated with the Covid-19 pandemic, the resort expected “an automatic recovery of overseas tourism to Jeju”.

Source: https://www.ggrasia.com/shinhwa-world-to-add-condos-villas-amid-recovery-exec/