Hotel Lotte Selling L7 or Lotte City Hotel to Secure Liquidity Hotel Lotte is pushing forward with the sale of either its 4-star hotel L7 or Lotte City Hotel. It has been three months since the institutional investor briefing last November where the sale plan was first mentioned. The exact hotel to be sold has not yet been confirmed. L7 Hotel has four locations in Myeongdong, Gangnam, Hongdae, and Haeundae, while Lotte City Hotel is located in Mapo, Gimpo Airport, Myeongdong, Guro, Daejeon, Ulsan, and Jeju. Hotel Lotte is facing financial difficulties due to losses in the duty-free shop business division, with operating profits in the third quarter of […]