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Homes Company and ICG Acquire Dears Myeongdong Korean Living company Homes Company has partnered with British global asset management firm ICG to acquire Dears Myeongdong. Dears Myeongdong is a hotel located in Namhak-dong, Jung-gu, Seoul with 112 rooms. This acquisition is the second one this year, following the purchase of an officetel near Seonjeongneung Station in March, as part of the investment in a KRW 300-billion fund established between the two companies for the purpose of investing in and operating coliving and accommodation facilities. Homes Company plans to remodel the hotels it has acquired into living spaces, aiming to secure both the stability of a residential facility and […]
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Content Editor, Seoul Property Insight(SPI)
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