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Amid High Polarization of Seoul and Regional Hotels, Bluecove Asset Management Sells Parnas Hotel Jeju

2024. 12. 19 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

    Currently, the hotel market in Korea is showing clear polarization. In the post-COVID-19 environment, the hotel market in Seoul has greatly improved to the point where it is being evaluated as “taking an unexplored path,” but regional hotels such as in Busan and Jeju have not reached the same level of recovery. Seoul hotels are looking very attractive to investors while regional hotels are being ignored. Seoul hotels such as Shilla Stay Gwanghwamun (Gwanghwamun G Tower), Voco Myeongdong (formerly Tmark Grand Hotel Myeongdong), Conrad Seoul, and the like are being traded one after another. However regional hotels tell a different story. Last year, Shilla Stay Jeju, which was […]

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