The sale of Four Points by Sheraton Josun Seoul Myeongdong, which received investment from the core platform fund established by IGIS Asset Management with funds from the National Pension Service, was completed on November 27. Four Points Myeongdong has been the most notable asset in the Seoul hotel market this year. With international travel normalizing after the pandemic, the performance of hotels in Seoul has significantly improved, and Four Points Myeongdong is located in a key urban area, attracting considerable interest from domestic and international investors. Pacific Investment Management Company partnered with the Canada Pension Plan Investment Board (CPPIB) and Josun Hotel & Resort to pursue the acquisition, […]