Bidders for South Korea’s Parnas Hotel Line Up
Posted on 07/17/2014
Institutional investors are bidding for a majority stake in South Korea’s Parnas Hotel Co Ltd. Parnas Hotel has four facilities in Seoul, including two high-end hotels in the Gangnam area (InterContinental Grand Seoul Parnas). The deal could be between 600 billion to 800 billion won (US$ 584 million to YS$ 775 million). Parnas’ majority shareholder, […]
- Alternatives
- Gangnam
- Gaw Capital
- Korea Investment Corporation
- Mirae Asset
- Parnas Hotel
- Private Equity
- Real Estate
- Seoul
