There has been a high level of interest in the commercial real estate sector in hotel properties put on the market by major conglomerates. The Seoul hotel market is thriving, and there have been movements by these large corporations to sell hotels due in order to secure liquidity. DL Group, KT, KT&G, and Lotte Group are representative examples. However, none of the hotels for sale have been traded. DL Group received offers from multiple acquisition candidates at the end of last year to sell its portfolio of three hotels located in Yeouido, Gangnam, and Jeju. Gravity Asset Management was selected as the preferred bidder, but was unable to […]