The Korean hotel market began to show a clear recovery once foreign tourists returned after COVID-19 restrictions were lifted. As a result, hotel investments have been increasing since last year, mainly among foreign investors. There is strong interest in the Seoul hotel market where hotels have shown a marked improvement in performance. Since last year, foreign investors such as Blackstone, the Government of Singapore Investment Corporation (GIC), TPG Angelo Gordon, M&G Real Estate, and Goldman Sachs have invested in or are in the process of investing in hotels in Seoul. The most interest is in hotels in Myeongdong, a prominent commercial district in Seoul. Last year, TPG Angelo […]