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Weekly Korean Market Update (12/18~12/24)

2023. 12. 24 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    MDM and Gaw Capital Jointly Invest in Hyatt Regency Hotel in Tokyo Real estate developer MDM participated as a joint investor in the acquisition of Hyatt Regency Hotel in the Shinjuku neighborhood of Tokyo, Japan. The asset was put up for sale by Odakyu Electric Railway due to a sharp decline in tourism during the COVID-19 years. The asset was acquired by Kohlberg & Kravis Roberts (KKR) and Gaw Capital, a Hong Kong-based real estate asset management company, last March. MDM is participating as a co-investor with Gaw Capital. MDM said that the property was sold at a low price due to liquidity issues caused by COVID-19, and […]

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