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Weekly Korean Market Update(11/18~11/24)

2024. 11. 25 · SPI
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    DL Group-owned Glad Hotel Receiving Purchase Offers for Three Locations until Dec 2, Blackstone Had Shown Interest DL Group is accepting proposals for the sale of three of its Glad Hotels until December 2. DL Group is currently selling three hotels: Glad Yeouido, Glad Gangnam Coex Center, and Maison Glad Jeju. The sale of hotels by the DL Group is aimed at disposing of non-core assets to secure cash for new growth drivers. DL Group will accept proposals until December 2, and the expected selling price range is known to be between KRW 600-700 billion. DL Group has previously engaged in discussions with global alternative investment management firms […]

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