It is a good time for buying and selling in the Seoul hotel market. A boom in underway as the hotel industry recovers from the COVID-19 downturn and series of hotel closures. Now that the disease has been downgraded to endemic, foreign tourist demand has recovered. Investors who have not been interested in Seoul hotels for a long time are returning. Since last year, foreign investors have started showing interest in hotel investments, and recently, domestic institutional investors are also expressing interest. The most recent auction for Shilla Stay Seodaemun was successful, with a total sale price exceeding KRW 150 billion. The price per room is in the […]