Deloitte Anjin to lead sale of Four Points by Sheraton Josun, Myeongdong

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Deloitte Anjin to lead sale of Four Points by Sheraton Josun, Myeongdong - Korea Economic Daily

Quick Summary:

Four Points by Sheraton Josun, Seoul Station was sold to KB Asset Management, a subsidiary of KB Financial Group.“Among recent hotel listings in Seoul, Four Points by Sheraton Josun, Seoul Myeongdong stands out as the most attractive asset,” said an industry official.“Josun Hotels & Resorts will likely assess the final bid price before deciding whether to exercise its right of first refusal".

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen Deloitte Anjin LLC as its lead manager to sell Four Points by Sheraton Josun, Seoul Myeongdong, a four-star hotel in a popular spot for foreign tourists in Seoul.

Investors at home and abroad have already shown interest in Four Points by Sheraton Josun, Seoul Myeongdong as it is a relatively new four-star hotel in Myeongdong, super-prime real estate in the country.