DL Group is currently receiving proposals from potential acquirers of the Glad Seoul portfolio. The hotels that DL Group is planning to sell are Glad Yeouido, Glad Coex, and Maison Glad Jeju. The expected scale of the transaction when combined is estimated to be between KRW 600-700 billion. DL Group is moving forward with the sale while exploring all options such as selling the entire portfolio or each asset individually in order to maximize asset value. Given the large scale and the fact that Korean institutional investors are not interested in the hotel sector, it was expected that global asset management companies or foreign institutional investors with mega […]