Many hotels have gone up for sale in the Korean commercial real estate market this year. Hotel fundamentals have improved significantly, leaving many companies hoping to use this timing to their advantage. However, some transactions have not gone as smoothly as expected. This is not without context. The hotel market varies by region, and investment sentiment on the part of institutional investors has not yet recovered. There are cases where the deal falls through even after the preferred bidder has been selected, or there is no clear financing plan to complete the deal. ADF Asset Management tried to acquire Shilla Stay Jeju using REITs, but failed to attract […]