Vantage Hotels Adds 342-Room Lexington Hotel in Gangneung, South Korea
CLEVELAND, OH. April 14, 2016 - Vantage Hotels' Lexington® brand continues to grow in South Korea with the addition of a 342-room new-construction project in Gangneung. The property, which is expected to open in December 2017, will be a full-service hotel and carry Vantage's Value Hotel Worldwide® name, by which Lexington Hotels are known in South Korea.
The property in Gangneung is the fifth new build in the country to be introduced by Vantage's master licensee for South Korea, Service Legend, Inc. A 20-floor, 300-room property in Suwon was the first to open; locations in Seogwipo and Sejong City are scheduled to be completed later this year; and a hotel in Jeju City is set to open in 2017. All of the properties are also managed by Service Legend.
Gangneung is one of the top tourist destinations on the east coast of South Korea. Bordered by mountains to the west and the Sea of Japan to the east, the city is 30 minutes from the airport and will be just an hour away from Seoul when a new train line is completed next year. Gangneung will also host all indoor sports (ice hockey, figure skating, speed skating & curling) at the 2018 Winter Olympics.
The newest Lexington Hotel/Value Hotel Worldwide will include 15 floors of guestrooms and feature four outdoor swimming pools, a restaurant/buffet, lounge, convenience store, fitness center, meeting rooms and business center. Nearly two-thirds of the rooms will have full ocean views.
“There is such a great need for world-class lodging in many of the major cities of South Korea, and this development clearly meets that need. Joon Park and his team at Service Legend have done a wonderful job of bringing in some impressive new-builds, and it'll be very exciting when more of the projects come to fruition this year,” said Bill Hanley, the Group President of Vantage's International Division.
There are over 1,200 properties under the Vantage worldwide umbrella, including those operating under the Americas Best Value Inn®, Canadas Best Value Inn®, Signature Inn®, Jameson Inn®, and Country Hearth Inn & Suites® brands. The growth in South Korea continues the selective international expansion of the Vantage brands. The company maintains master license agreements for India, Indonesia and China, as well as strategic representation relationships for the development of its brands in Canada.
About Vantage Hospitality Group, Inc.
Vantage Hospitality Group, Inc., has been recognized as one of the most progressive hotel companies in the history of the lodging industry. With over 1,200 properties worldwide, Vantage 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 Hotels is among the top 10 hotel franchisors based on the number of hotels in its system. 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 of the Jameson Inn, Country Hearth Inn & Suites, or Signature Inn brands, all Vantage Hotels 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 Vote® 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 in the United States is offered (as a franchise) through Vantage Franchising, Inc., and in Canada, through Vantage Franchising (Canada) Inc., wholly-owned subsidiaries of Vantage Hospitality Group, Inc. For more information, visit www.JoinVantageHotels.com.
Contact:
Al Cohen
Vantage Hospitality Group
[email protected]
888-316-2378
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