Seoul Hotel Market Hot as Seoul’s Summer Greetings from SPI editor Koh Byung-ki. The last week of July saw bidding for various assets such as hotels and offices in the commercial real estate market in Seoul. The most eye-catching property was Courtyard Marriott Seoul Namdaemun, a hotel being sold by KT&G. The hotel market in Seoul, which had fallen into a severe recession during the COVID-19 pandemic, is now enjoying an unprecedented boom as foreign tourists return to Korea. Since last year, investment in hotels in Seoul has begun to resume, primarily led by foreign investors, and recently, domestic investors have also jumped on the bandwagon. The atmosphere […]