The landmark shopping mall in MyeongDong, Migliore is planning to change a hotel with 780 rooms. Basement and first two levels will be still a shopping place but level 3 to level 17 will be used as hotel rooms. The renovation will start in November 2011. M-Plaza is making a plan to renovate its leven 6~22 and make 320 rooms. First 5 levels will be still used for Zara & Forever 21.
The profitability of big clothing shopping malls is getting lower and considering the success of Ibis Ambassador MyeongDong (Room Occupancy Rate in 2010 was 96.8%), it seems that they have found a right answer.