Hanam City Accelerates Five-Star Hotel Construction in Misa Riverside New Town... Begins Preliminary Negotiation Process

Hanam City in Gyeonggi Province (Mayor Lee Hyunjae) has officially begun negotiations regarding the construction project of five-star hotels by global brands such as InterContinental, Marriott, and Westin, proposed in the Mangwol-dong area within the Misa Riverside New Town.

Hanam City (Mayor Lee Hyun-jae) has officially commenced negotiations regarding the construction project of five-star hotels by global brands such as Intercontinental, Marriott, and Westin, proposed in the Mangwol-dong area within Misagangbyeon City. Photo by Hanam City

The site in question is designated for self-sufficiency purposes. In Misa Riverside New Town, most of the land for such functions has been developed into knowledge industry centers, which has led to concerns over oversupply and high vacancy rates. Amid these circumstances, in August 2025, a private developer proposed a project combining a five-star hotel and residential apartments, marking the official start of the initiative.

In August 2025, a preliminary negotiation proposal for changes to the urban management plan was submitted for the areas of 941-1 and 2, Mangwol-dong, Hanam City. The proposal subsequently passed the Education Environment Protection Committee’s review. Accordingly, to push the project forward, a 'Negotiation Adjustment Council' was formed in accordance with relevant regulations to ensure collection of public contributions, and on the 13th, the first meeting was held to discuss the key points of negotiation.

According to the project proposal, the site will undergo mixed-use development, including a five-star hotel with 396 rooms and 330 residential apartment units. Global hotel chains such as InterContinental, Marriott, and Westin are being considered as brands for the hotel, and to this end, the developer already signed a Memorandum of Understanding (MOU) with Parnas Hotel Co., Ltd. in July 2025.

The developer plans to include supporting facilities such as a convention center, infinity pool, and sky lounge that meet the standards of a five-star hotel. To do so, the proposal includes changing the current quasi-residential area to a general commercial area and raising the floor area ratio.

Additionally, given the high upfront investment and low profitability of hotels, the project will proceed with residential apartments in parallel. Both the hotel and residential apartments will be subject to profit sharing, with the aim of promoting both public interest and revitalization of the local economy.

The development profits arising from the urban planning change will be reasonably returned to the local community in accordance with ordinances enacted by the Hanam City Council. As a public contribution in exchange for the change in land use and permitted purposes, the private developer has proposed to build sports facilities, including a swimming pool, and youth training facilities, which are lacking in the northern residential area.

Additional proposals include providing off-season discounts for Hanam citizens on hotel rooms, convention facilities, and restaurants to provide tangible benefits to the community, as well as school support measures in line with the education environment assessment review.

This Negotiation Adjustment Council is a legal consultative body established based on the 'Hanam City Urban Planning Change Preliminary Negotiation Operation Guidelines' enacted in November 2024 and the relevant ordinance enacted in February 2025. The council, which includes relevant city departments, urban planning experts, and private developers, comprehensively reviews the appropriateness and public value of development projects involving urban planning changes proposed by the private sector, and systematically facilitates negotiations between the public and private sectors.

Hanam City (Mayor Lee Hyun Jae) has officially begun negotiations regarding the construction project of five-star hotels from global brands such as InterContinental, Marriott, and Westin, proposed in the Mangwol-dong area within Misa Riverside City. Photo by Hanam City

Mayor Lee Hyunjae stated, "This negotiation will proceed fairly and transparently in accordance with the procedures set forth in the ordinances and guidelines," adding, "We will thoroughly review public contribution measures to ensure that the development profits generated from urban planning changes are reasonably returned to the local community."

He continued, "We will carry out each stage of the process without delay so that a world-class five-star hotel can be built, strengthening Hanam City's urban competitiveness and contributing to revitalizing the local economy."

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