ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 17:40 UAE time

YOUR DIRECTORY /

| Share |

Jumeirah eyes 7-star hotel in South Korea - reports

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Friday, 30 October 2009
LUXURY HOTEL: Jumeirah is reportedly planning to build a seven-star hotel in Seoul to rival the luxury seen at the Burj Al Arab. (Getty Images)
LUXURY HOTEL: Jumeirah is reportedly planning to build a seven-star hotel in Seoul to rival the luxury seen at the Burj Al Arab. (Getty Images)

Dubai-based hotel group Jumeirah is planning to build the first seven-star hotel and a luxury service residence in Seoul, according to news reports in South Korea.

The Jumeirah Group, which owns the world's only [self appointed] seven-star hotel in the world - the Burj Al Arab in Dubai - is eyeing a $507 million investment in the project in Gwanghawmun, according to a report in the Korea Herald on Friday.

Citing the Maeil Business newspaper, the Herald said the hotel company had established a local agency to be in charge of the construction.


Story continues below ↓
advertisement

The paper added that the company was working on purchasing land around Gwanghwamun by consulting with Macquarie Finance.

No one was immediately available at Jumeirah to comment on the reports on Friday.

South Korean media quoted a local company representing Jumeirah as saying it had already made a partial payment to a construction company.

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
7 Syar Hotel
Posted by JoE, Dubai on Saturday 31 October 2009 at 09:00 UAE time


There is no such thing as a 7 star hotel.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

TOP IN MIDDLE EAST TRAVEL & HOSPITALITY

  1. Emirates increases Amman, Doha services
  2. Dubai hotels lead Mideast Oct revenues decline
  3. EXCLUSIVE: PR guru says Dubai needs 'softer image'
  4. flydubai set to launch new flights to Nepal
  5. Emirates brings forward Paris A380 plans

TOP MIDDLE EAST BUSINESS STORIES

  1. Dubai eyes new law to protect property investors - paper
  2. Norway says Iran confiscated Ebadi's Nobel
  3. Nuke power is good investment op for GCC - LSE
  4. Alinghi again makes case for RAK as race venue
  5. Scientists spot rare wild cat in Fujairah wadi - report

ALSO IN MIDDLE EAST TRAVEL & HOSPITALITY

  1. Emirates 'forced' to raise fares on some German routes
  2. Jumeirah signs deal for luxury hotel in Panama
  3. Saudi, Dubai flights hit by toilet malfunction
  4. Emirates increases Amman, Doha services
  5. Dubai hotels lead Mideast Oct revenues decline

LATEST MIDDLE EAST BUSINESS NEWS

  1. Media & Marketing: Qatar's first feature film to release in May 2010
  2. Politics & Economics: Norway says Iran confiscated Ebadi's Nobel
  3. Culture & Society: Random checks for bus travellers to Abu Dhabi
  4. Sport: Alinghi again makes case for RAK as race venue
  5. Banking & Finance: First Gulf Bank has at least $1.4bn Dubai exposure

SHARE PRICE CHECK

RELATED STORIES

Jumeirah Group
| 222 stories
  1. Jumeirah signs deal for luxury hotel in Panama
    26 Nov '09 | News
  2. Dubai's Jumeirah Group plans hotels in Brazil
    20 Nov '09 | News

RELATED LINKS

  1. Jumeirah Group»
Related links open in a new window and are not endorsed by ArabianBusiness.com.

 EMAIL ALERTS

  1. Jumeirah Group

  2. Travel & Hospitality


CURRENCY CONVERTOR

Tell us your story

UPCOMING ISSUE


 

READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 15
    27 Nov ' 09 at 14:51
    Sultan,the news in the last couple of days has shocked the world all the more because we have just been hearing the "good news" for...   More  »
  2. Dubai debts crisis: latest news 06
    27 Nov ' 09 at 17:02
    It is a normal phenomen, if they have asked for 6 months halt the world is not falling down. When there is economic recession all over...   More  »
  3. UAE real estate market has now hit bottom - analysts 05
    27 Nov ' 09 at 15:48
    Deloitte folks commenting on Dubai bottoming out and 2 days later all hell breaks loose. This is a competence of consulting houses! And...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM

JOBS

SPECIAL REPORTS

SURVEYS & REPORTS

PROPERTY