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Weekly Korean Market Update (8/29~9/4)

2022. 09. 05 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Sale Being Considered for Namsan Grand Hyatt Seoul Namsan Grand Hyatt Seoul is discussing a sale with Blue Cove Asset Management, a Korean real estate management company. Seoul Miramar (SMC), which owns Grand Hyatt Seoul, recently signed a memorandum of understanding (MOU) for the sale with Blue Cove Asset Management. The sale price is expected to reach KRW 1 trillion. However, as it is still in the early stages of negotiations and due diligence is in progress, it’s important to wait and see whether the sale will be completed. Grand Hyatt Seoul is a 5-star hotel located at 322 Sowol-ro, Yongsan-gu, Seoul, and opened in 1978. It is one of […]

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