The preferred bidder for Four Points by Sheraton Josun Seoul Myeongdong, which IGIS Asset Management is in the process of selling, has been determined to be Pacific Investment Management. Four Points Myeongdong is the most notable deal in the hotel market this year. As the pandemic comes to an end and foreign tourists begin to return, the hotel market in Seoul is experiencing a positive trend. Starting with foreign investors, there has been an active push towards hotel investments, and recently, domestic investors have also begun to show interest in hotels. In this context, the bidding for Four Points Myeongdong was conducted in a competitive structure among domestic […]