On 22nd September 2009, Palmerston Hotels & Resorts signed a Memorandum of Understanding with South Korean real estate development company Shin Young, South Korea's largest development company.

This was a major step forward towards establishing the new Palmerston Club & Residences concept in the Far East, Seoul, Korea.

Palmerston Hotels & Resorts recently launched their brand new prestigious mixed-use development concept, Palmerston Club & Residences, which is being rolled out in all major European Cities and the Far East.

The concept combines an executive private members club, club suits, spa & fitness, accommodation for private ownership, high-end boutiques, restaurants and cafés. The concept is based on the acclaimed Palmerston "Club Service" and reputation for promoting exclusive lifestyles and quality food.