The goal for this project is to renovate the existing Songdowon Hotel into a five-star hotel by increasing its accommodation capacity from 407 to 1 000. 

At present the hotel occupies a total building space of 37 000 m² and a floor space of 12 137 m². Consisting of two blocks (11-storeyed Block 1 and 3- and 7-storeyed Block 2), it is one of the major hotels in Wonsan. It has 207 rooms with an accommodation capacity of 407 guests and 1 300-seated dining halls as well as amusement facilities. It is staffed with highly skilled and experienced management officials and other service personnel. 

As it is a beautiful seaside hotel, it makes tourists feel as if they were floating on the sea. 

Wonsan is located in the central part of Mt. Kumgang, Chongsokjong, Masikryong Ski Resort and Myongsasimni. The existing accommodation capacity of the city is some 1 500. Therefore, its lodging capacity is quite inadequate, compared with the increasing number of tourists to the city.

Estimated cost: US$ 100 million

Type of investment: Equity or contractual joint venture, or as agreed by both sides 

Period of implementation: 18-month construction, 20-year operation Profitability: IRR 16.3%, NPV US$ 20.62 million (Discount rate 13%),  Payback period 5 years