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Weekly Korean Market Update (9/11~9/17)

2023. 09. 18 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Hanjin KAL Sells Waikiki Hotel in Hawaii for KRW 146.5 billion Hanjin Group is selling the Waikiki Resort Hotel located in Hawaii, USA, three years after putting it up for sale in 2020. The buyer is AHI-CLG Limited Liability Company (LLC), an American real estate investment company. Waikiki Resort Hotel, a 100% subsidiary of Hanjin KAL, will secure KRW 146.586 billion in cash through this transaction, and including existing cash and cash equivalents, it will hold a total of KRW 161.2 billion. Waikiki Resort Hotel has a total floor area of 19,800㎡, land area of 4,500㎡, a single basement level, and 19 above-ground floors, and 275 rooms. The hotel is […]

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