Daemyung Sono Group's headquarters / Courtesy of Daemyung Sono Group
Daemyung Sono Group, a major Korean condominium and resort company, said Wednesday its holding company will enter the Japanese market later this year with its hotel and resort business.
Under a consignment operating agreement with a local hotel operator, Sono International will renovate and reopen the Compass Hotel Nagoya as Sono Moon Nagoya in July, the company said in a press release.
"Japan is an important market for Sono International's global expansion strategy, given its well-developed tourism infrastructure and strong travel demand in major cities," a company official said.
Sono International opened its first overseas resort facility in Vietnam in 2019 and currently operates 21 hotel and resort properties across five countries, including Thailand, Indonesia, the United States and France.
The company said it aims to open an additional 11 hotel and resort properties in Asia by 2029.
Source: Korea Times News
