Lotte Hotels Planned for Almaty and Alatau City
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Hotels operated by South Korean hospitality brand Lotte are planned for Almaty and Alatau City. Hotel Lotte Co. Ltd and Sensata Invest signed the relevant memoranda following a meeting between Kazakh President Kassym-Jomart Tokayev and Lotte Group Chairman Shin Dong-bin, according to Akorda.
Tokayev welcomed plans to build the first Lotte hotel in Almaty and highlighted the potential for the company to further expand its hospitality business in Kazakhstan.
The meeting also covered Lotte’s operations in the food industry. The president noted the development of the Rakhat brand and the modernisation of its production facilities in Almaty and Shymkent.
The two sides also discussed Lotte Global Logistics’ plans to develop transport and logistics infrastructure and expand access to regional and international markets.
Shin Dong-bin confirmed Lotte’s plans to invest in the food industry, logistics and hospitality. The company also intends to contribute to the development of Alatau City, including the creation of the Iconic Complex.
Following the meeting, Hotel Lotte Co. Ltd and Sensata Invest exchanged memoranda of understanding on the construction of Lotte hotels in Almaty and Alatau City.
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