Hilton Seoul to close business for redevelopment project
Mi-Kyoung Lee
Dec 30, 2022 (Gmt+09:00)
Millennium Hilton Seoul, founded in 1983, will close down for business on Dec. 31 due to redevelopment plans for the property.
The five-star hotel said on Thursday its last business day will be Saturday and it won't be under the Hilton brand from Jan. 1, 2023.
Sitting at the foot of Mt. Namsan, the 22-floor luxury hotel has 700 guest rooms with a gross floor area of 82,856 square meters. It has been labeled the first luxury hotel designed by a Korean architect, Kimm Jong-soung.
Since its foundation, the hotel had been co-managed by the now-defunct Daewoo Group and US hotel chain Hilton International until Daewoo sold the property to Singapore’s real estate giant City Developments Limited (CDL) for 260 billion ($206.4 million) in 1999.