Hapcheon-gun Signs Implementation Agreement for Hotel Construction Project

Hapcheon-gun - City Point Co., Ltd. - JP&E Group Co., Ltd. Private Investment Project Implementation Agreement Signed

Hapcheon County - City Point Co., Ltd. - JP&E Group Co., Ltd. Private Investment Project Implementation Agreement Signed (Photo by Hapcheon County)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hapcheon County, Gyeongnam Province, CT Point Co., Ltd., and JP&E Group Co., Ltd. announced on the 5th that they signed an implementation agreement for the 'Hapcheon Hotel Construction' project as a private investment project at a small conference room on the 2nd floor of the county office, attended by County Governor Moon Jun-hee, CEO Park Sung-soo, CEO Shim Jae-woo, and about 10 related personnel.

This agreement includes detailed implementation matters for constructing a special grade 2 hotel through private investment, featuring 250 rooms, banquet halls, swimming pools, and other auxiliary facilities in a building with one basement floor and eight above-ground floors, located within the Bojo Dam tourist site in Bonggi-ri, Yongju-myeon, Hapcheon County.

Previously, in October 2019, the county signed an MOU (Memorandum of Understanding) with 'Ayubeu Co., Ltd. and one other company' to promote the 'Hapcheon Hotel Construction Project,' but due to changes in the investment conditions of the original investor caused by the recent COVID-19 pandemic, they sought an alternative business operator and signed with 'CT Point Co., Ltd. and one other company.'

County Governor Moon Jun-hee said, "With the realization of the long-awaited hotel construction project in the region, the tourism infrastructure base including Hwangmaesan Mountain, Hapcheon Lake, Video Theme Park, and National Treasure Theme Park will be perfectly established," adding, "The effect will be doubled upon the completion of the Hamyang-Ulsan Expressway scheduled for the end of 2024."

CEO Park Sung-soo of CT Point Co., Ltd. and CEO Shim Jae-woo of JP&E Group Co., Ltd. stated, "We will do our best to complete the hotel as soon as possible to contribute to Hapcheon County."

The county plans to start the hotel project in April 2021 and aims to complete it by December 2022, making every effort to achieve this goal.

This content was produced with the assistance of AI translation services.