There are not many tourist-class hotels in Tongyeong, but you'll have no trouble finding cheaper accommodations (many are clustered around the bus terminal). You can also find some love motels near the harbor, most of them with rooms starting at W30,000.
A good hotel in town is the Chungmu Tourist Hotel, 2, Donam-dong, Tongyeong-si (tel. 055/645-2091), which was built in 1971. The 50-room hotel has oceanview rooms and is set on nice landscaping in a wonderful location. Standard rooms start at W80,000.
Even better is the 16-story Chungmu Marina Resort Condo, 645, Donam 2-dong, Tongyeong-si (tel. 055/643-8000; fax 055/643-8634), which has some rooms that look out onto the ocean and is especially convenient for traveling families, since the rooms include living rooms and kitchens. One-bedroom units are W80,000 to W110,000. Two-bedrooms are W100,000 to W150,000. For the kids, they have a game room, a bowling alley, and a recreational area. For the adults, there are noraebang/karaoke, a conference room, a bar, restaurants, a pool, a fitness center, and a supermarket. You can also rent a yacht (they have about 20) to sail around the area.
The Tongyeong Tourist Hotel, 1141, Chongryang-dong, Tongyeong-si (tel. 055/644-4411), is a bit more boring but less expensive and conveniently located near the harbor. Built in 1988 and renovated in 1996, the 47-room hotel does have a sauna and a nightclub.
Also near the water is the newer Chungmu Beach Hotel, 177-15, Seoho-dong, Tongyeong-si (tel. 055/642-8181), which has 43 rooms, as well as a buffet restaurant, a coffee shop, and sauna facilities.
If you find yourself stranded or wanting to spend the night on one of the outlying islands, they all have low-priced minbak available. On Yokji-do, there is the Goraemeori Tourist Farm (tel. 055/641-6089), a South Korean "condo" that's good for families, located near Deokdong Beach. In Somaemul-do, the Dasol Penthouse (tel. 017/857-2915) and the Hayan Sanjang (tel. 017/590-2007) are good options.
Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.