Korea’s Lotte Hotel group will open a new hotel in Moscow in April 2009.
The proposed 319-room hotel is envisaged to target high profile guests and ambassadors, according to Chang Kyung-chak, president and CEO of the Lotte Hotel chain, The Korea Times reported.
In Korea, Lotte is planning to open three more hotels in Mapo in Seoul, Gimhae in South Gyeongsang Province and near Gimpo International Airport in Gyeonggi Province.
The expansion is expected to include construction of budget and business hotels to cater to tourists from China and other Southeast Asian countries, the report said.
Lotte also announced that it expects to complete the US$158-million renovations of its current five hotels in Korea – Seoul, Busan, Ulsan and Jeju Island – by 2010.
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