financeHospitalityNet··1 min·For: Owner, Investor, GM, Revenue
HVS Asia Pacific Newsletter: Major Deals in Seoul and Tokyo
Goldman Sachs has acquired the Seonyudo Union Hotel in Seoul for rebranding under Hilton, while Ichigo Hotel REIT sold a Tokyo property at a significant premium above book value.
Key Takeaways
- 1Monitor Goldman Sachs' acquisition of Seonyudo Union Hotel for KRW53 billion, which will be rebranded as a Hilton Tapestry Collection property.
- 2Evaluate Ichigo Hotel REIT's sale of Hotel Livemax Nihombashi-Hakozaki in Tokyo for JPY1.58 billion, achieving 1.3x book value.
- 3Note Journey Beyond's acquisition of the Mercure Kakadu Crocodile Hotel in Australia, signaling continued interest in experiential regional tourism assets.
Source: HospitalityNet
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