New names in the game


Chinese developer and casino investor Landing International Development Ltd. announced that its new property on Jeju Island will include a Four Seasons Resort, a release sent to the Hong Kong Stock Exchange stated.
The hotel is expected to open in 2019 and will include 240 rooms, suites and villas. Facilities for weddings, corporate events and a spa will also be included in the Jeju Shinhwa World property.
Landing International also stated in the release that its subsidiary, Landing Jeju Development Co., Ltd. will attempt to accelerate the next steps of the first phase of the opening of its property in South Korea, with the first phase involving the opening of ‘two hotels, Shinhwa theme park, MICE (meetings, incentives, conventions and exhibitions) facility and Somerset serviced resort condominium’.
The first phase was initiated in April with the launch of a new serviced resort condominium, Somerset Jeju Shinhwa World, offering 344 three-bedroom units. The release stated that the company will now ‘build a new lobby and guest facilities’ in the hotel.
The company announced previously that it is also planning to open the first Marriott Hotel and Spa in Jeju in late 2017, with Friday’s filing stating that Landing International expects to ‘accelerate the completion of the waterpark, theme park hotel and dormitory and training facilities in 2018’.
The company became the sole owner of Jeju Shinhwa World in early January, after Genting Singapore PLC disposed of its half of the joint venture in November 2016, in a deal amounting to US$338 million (MOP2.7 billion), Business Daily reported.