Sang Investment, founded by CEO Han Sang-woong, who previously served as the representative of Invesco Real Estate Korea, recently sold two hotels to foreign investors to take advantage of the booming hotel market in Seoul. The first hotel is Mercure Ambassador Seoul Hongdae, which was completed at the end of June, and the other is New Blanc Central located in Euljiro. Mercure Ambassador Seoul Hongdae was acquired by Goldman Sachs in partnership with JB Asset Management for KRW 262 billion. Initially, the existing beneficiary, Merchant Investment, decided to reinvest KRW 13 billion to support the backend costs, but instead of reinvesting, they lowered the transaction price from the […]