Avani to open second South Korea property in Busan's city center

The Avani Central Busan Hotel is part of a 37-story twin-tower mixed-use complex. Photo credit: Busan International Finance Centre

Avani Hotels & Resorts has signed a second property in South Korea. In the final stages of development and scheduled to open in the first quarter of 2019, Avani Central Busan Hotel will be located in Busan’s city center. Busan is located on the southeastern tip of the Korean Peninsula and is South Korea’s second-most populated city after Seoul, with a seaport that is the ninth-busiest in the world.

A 30-minute drive from the city’s Gimhae International Airport, the 289-guestroom hotel will be located in the Munhyeon Finance Complex, which includes the tallest building in Busan, the Busan International Finance Centre. The hotel is part of a 37-story twin-tower mixed-use complex that includes offices, residences, a retail mall and the largest theater (1,800 seats) in Busan. 

For business travelers, the Avani Central Busan Hotel is located in Busan’s commercial district within the Munhyeon Finance Complex, which includes BIFC, Bank of Korea’s Busan headquarters, and the regional headquarters for several government financial bodies. The complex has direct connection to the Busan subway system and is a 15-minute drive to Korea’s bullet train KTX stop and international cruise terminal.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

“To have a second hotel in this major South Korean city is fantastic for us,” Dillip Rajakarier, CEO Minor Hotels, owning company of Avani Hotels & Resorts, said in a statement. “Avani Central Busan Hotel is located in a key area that continues to grow, drawing both business and leisure travelers into visiting Busan.”

Avani Central Busan Hotel joins the Avani Busan Hotel, which was signed last year and is scheduled to open in 2021.

Avani currently operates 24 hotels and resorts in 15 countries. The brand recently debuted in Australia, New Zealand and Laos. Avani currently has 15 new hotels in the pipeline, including a recent signing in Melbourne, Australia; Dubai, United Arab Emirates; and a third Avani property in Bangkok.

Suggested Articles

The REIT said that it does not expect to see a meaningful increase in demand for its portfolio until there are COVID-19 medical solutions in place.

Choice Hotels International hailed its strong domestic drive-to and leisure markets as it reported growth in occupancy and conversions.

The three companies account for 68 percent of the projects in the total pipeline.