The preferred bidder for the Courtyard Marriott Seoul Namdaemun being sold by KT&G, where competition among domestic and foreign investors was fierce, has been determined to be Heungkuk REITs Management. On July 31, KT&G conducted a bidding with five participants: Blackstone, ARA Asset Management-NH Investment & Securities, Heungkuk REITs Management, HHR Asset Management, and Samsung SRA Asset Management-Phoenix. The shortlist included four participants, excluding Samsung SRA-Phoenix, which had the lowest price, and conducted interviews on August 4. On August 11, Heungkuk REITs Management was chosen as the preferred bidder. The reserve bidder is HHR Asset Management. Courtyard Marriott Seoul Namdaemun     Land Part of Taekwang Group History […]