South Korea approves plans for Mohegan Sun resort

Incheon

The Mohegan Tribal Gaming Authority, which operates Mohegan Sun properties throughout the US, along with partners KCC Corporation and Incheon International Airport Corp., have all received a license from the Korean Government to develop and build an integrated resort at Incheon International Airport in Korea. 

Mohegan Sun is joined by Miura Holdings Asia, a multi-purpose investment vehicle focused on gaming, hotel and food & beverage activities in the United States & Asia, as part of the development team.
 
Mohegan Sun’s multi-phase development project named Project Inspire is expected to include a three-tower luxury hotel complex with 1,350 five-star and six-star guest rooms; the largest entertainment arena in South Korea, with capacity for up to 15,000 attendants; a Paramount Studios-Themed Indoor-Outdoor amusement park; and a 20,000-square meter casino. The resort will also be  the first and only destination resort in the world with an adjacent private air terminal.
 
Phase I of Project Inspire is estimated at US$1.6 billion, with a commitment total of US$5 billion over multiple phases.

Read more on

Suggested Articles

In addition to a new deal to expand in Denmark, the chain also is growing in France, Greece and Vietnam.

The newly built property has 140 apartments across a mix of one-, two- and three-bedroom units.

Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Joachim Schmitt discusses the hospitality investment climate.