Korean building materials firm seals 4th US hotel purchase for $87 mn

South Korea’s construction materials company, Aju Group, closed a $87 million acquisition of a hotel near Seattle from Marriott International Inc. las...

KTB Asset sources $80 mn mezzanine debt deal on London hotel

KTB Asset Management Co. Ltd. has sourced its first Europe real estate debt investment for South Korean institutional investors with a £56.9 million (...

Shinhan sources $100 mn debt investment in US hotel portfolio

Shinhan Financial Group’s alternative investment arm has sourced a $100 million investment by three South Korean insurers in a mezzanine debt on US ho...

Hangang Asset invests $47 mn in debt on Blackstone-owned Orlando hotels

Hangang Asset Management Co. Ltd. has invested 50 billion won ($47 million) in a mezzanine debt on two luxury hotels in Orlando, Florida, on behalf of...

Mirae Asset buys $95 mn debt on Blackstone-owned Cosmopolitan hotel

Mirae Asset Daewoo Co. Ltd., the brokerage arm of South Korea’s leading mutual fund house, has bought a $95 million mezzanine debt on the Cosmopolitan...

Korean investors buy $75 mn debt of Warburg Pincus-backed Hanoi hotel

A pool of South Korean pension and retirement funds have invested around 85 billion won ($75 million) in debt of a Warburg Pincus-backed, five-star ...

Angelo, Gordon seeks to redevelop Korean bank building as luxury hotel

A consortium led by US investment firm Angelo, Gordon & Co. has been selected as a preferred buyer of a local bank’s building in Seoul, for which ...

KB Securities to launch public fund to buy $224 mn Hawaii hotel from KKR

The brokerage arm of KB Financial Group, a top South Korean banking group, is planning to raise around 60 billion won ($54 million) from individual in...

KIC, Korean fund to invest $130 mn in US hotels-backed mezzanine debt: report

Korea Investment Corporation (KIC) and the country's Local Finance Association will invest a total of 153 billion won ($130 million) in U.S. mezzanine...

Korean asset firm raises $79 mn to invest in Blackstone-owned Las Vegas hotel

A small-sized South Korean asset management firm, Hyundai Investments Co. Ltd., has raised a real estate fund to invest 93 billion won ($79 million) i...

KT, Lotte, DL to divest a series of hotels

South Korea's Lotte Group, KT Group, and DL Group plan to sell their domestic hotels....