Korea’s Ramid Hotels & Resorts has emerged as a likely new developer of an integrated resort in the Russian special economic zone of Primorye after meeting with local officials earlier this month.
According to a news release from the Primorsky Krai Development Corporation, Ramid Hotels & Resorts is looking into the possibility of building a casino resort with a golf course in the region. The development would potentially be “at the level of recognized world entertainment centers Las Vegas, Hong Kong and Dubai” with a Memorandum of Understanding reportedly already prepared.
Governor Oleg Kozhemyako stated that officials “are ready to provide land plots” including those in and around the Free Port of Vladivostok.
Assuming the development goes ahead as expected, Ramid Hotels & Resorts would become the third South Korean company to develop tourism facilities in the region, with K International Inc set to build a US$300 million IR and Dongnam Industry Co. Ltd recently announcing development plans for a US$30 million golf resort.
“We have good relations with the Republic of Korea, many tourism projects are developing, including in the hotel business,” said Kozhemyako. “We are ready to go forward and offer favorable conditions for both the maritime business and the Korean side.”
Ramid Hotels & Resorts operates a number of leading hotels in Korea inlduing the Ramada Seoul Hotel, Ramada Songdo Hotel and Miranda Hotel Incheon which boasts Spa Plus – a 5,000 person capacity outdoor pool with hot spring water. The company also specializes in golf facilities.
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