No expense spared: US$5b resort for Incheon Airport
Plans for a luxury hotel with an indoor-outdoor amusement park, eco-adventure park, casino and more have been approved by the South Korean government.
The proposed hotel would be attached to the Incheon International Airport and is set to be the “first and only destination resort in the world with an adjacent private air terminal”, according to the developer.
Incheon is South Korea’s third largest city, about 35km west of Seoul. The Incheon International Airport is not in the city itself, but located on Yeongjong Island.
The group behind the project is the Mohegan Tribal Gaming Authority in the USA, which operates casinos around America.
The resort is set to include a “three-tower luxury hotel completed and 1,350 five-star and six-star guest rooms”.
In addition to a hotel, there would be 20,000-square-metres of luxury retail brands and food, 4.500-square-metres of Korean cosmetics and a beauty hub, an entertainment arena, a Paramount Studios-themed indoor-outdoor amusement park with 100,000-square-metres of “the latest high-tech amusement rides”, a 33,000-square-metre eco-adventure park with indoor rock climbing and an indoor rainforest and a 20,000-square-metre casino.
The first phase of the project is expected to cost $1.6 billion and $5 billion in total.
Gambling is restricted in South Korea, but casinos for foreigners operate in Seoul, Incheon and Jaeju Island and are supervised by the Ministry of Culture and Tourism.