Four Seasons Hotel
Scope
Date
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Fintech
KakaoBank’s skyrocketing valuation fuels debate on financial reform
There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that ...
May 25, 2021 (Gmt+09:00)
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Travel & Leisure
Shinsegae Group unveils Josun Palace, its first super-luxury hotel
South Korea’s retail giant Shinsegae Group is strengthening its luxury hotel business with the grand opening of Josun Palace in the Gangnam ne...
May 24, 2021 (Gmt+09:00)
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Private debt
Korean investors face $270 mn loss on Las Vegas hotel loans
South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...
Feb 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal
Mirae Asset Global Investments Co. will be able to recover a $580 million deposit it paid to Anbang Insurance Group for a $5.8 billion deal to buy 1...
Dec 01, 2020 (Gmt+09:00)
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Leadership & Management
LG to hive off trading, four other units into new group
South Korea’s fourth-largest conglomerate LG Group will split off its trading arm LG International Corp. and four other non-core units into a ...
Nov 26, 2020 (Gmt+09:00)
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Food stories from a chef
‘Tis the season for fish
Autumn is already upon us. The air is crisp and cool. The sun still brings warmth. The brilliant red, orange and yellow foliage creates an artistic ...
Nov 04, 2020 (Gmt+09:00)
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Pre-IPOs
IMM, four other local PEFs shortlisted for CJ Olive Young pre-IPO
IMM Private Equity and four other South Korean private equity firms have been shortlisted for health and beauty franchise CJ Olive Young’s pre-i...
Oct 28, 2020 (Gmt+09:00)
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Star choreographer inspires in four-minute offerings
She's the choreographer of One Million Dance Studio with more than 20 million YouTube subscribers, choreographer of K-pop stars such as Hyo-ri Lee, Gi...
Oct 21, 2020 (Gmt+09:00)
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Tourism
The four best time travels in Korea; Jeonju, Gunsan, Gochang, Buan
Jeonju A trip to the Joseon Dynasty with over 500 years of history!Young people wearing beautiful hanbok walk among traditional Korean houses se...
Sep 24, 2020 (Gmt+09:00)
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Restructuring
Korean Air to lend $950 mn to US hotel unit for debt repayment
Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...
Sep 17, 2020 (Gmt+09:00)
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Anbang Insurance
Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang
Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...
May 04, 2020 (Gmt+09:00)
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Private equity
Mirae Asset says no financing problem with closing $5.8 bn hotels deal
Mire Asset Global Investments Co. Ltd. has no problem with financing a $5.8 billion acquisition of 15 luxury hotels from Anbang Insurance Group and is...
Apr 29, 2020 (Gmt+09:00)
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M&A
Mirae Asset says on track to close $5.8 bn US hotels deal
Mirae Asset Global Investments Co. Ltd. remains on track to close a $5.8 billion acquisition of 15 US luxury hotels from China’s Anbang Insuranc...
Mar 14, 2020 (Gmt+09:00)
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M&A
Prudential Life draws Taiwan’s Fubon Fin, four Korean prelim bidders
Taiwan’s Fubon Financial Holdings, KB Financial Group and three Seoul-based private equity firms have submitted letters of intent to acquire 100...
Jan 17, 2020 (Gmt+09:00)
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Real estate
Hana Fin, Hotel Lotte buy Seattle hotel for $175 mn
Hana Financial Investment Co. Ltd. and Hotel Lotte Co. Ltd. have acquired the hotel portion of a 44-story building in downtown Seattle for $175 millio...
Dec 31, 2019 (Gmt+09:00)
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Alternative investment
Hana Fin underwrites $145 mn loan on stalled NY hotel project
Hana Financial Investment Co. Ltd. has underwritten a luxury hotel development in New York with a $145 million loan, saving the project from bankruptc...
Nov 26, 2019 (Gmt+09:00)
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Artificial intelligence
Hana Alternative sees near 8% IRR on $30 mn US hotel loan
Hana Alternative Assets Management Co. Ltd. has provided a senior loan of $30 million on InterContinental Houston – Medical Center, in a five-ye...
Oct 15, 2019 (Gmt+09:00)
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Alternative investment
Shinhan provides $100 mn mezzanine loan on Brookfield’s US hotel
Shinhan Investment Corp. has provided a $100 million mezzanine loan on Brookfield’s resort hotel in Florida which recently secured $560 million ...
Oct 14, 2019 (Gmt+09:00)
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Mirae Asset in exclusive talks to buy Anbang’s US hotels
Mirae Asset Financial Group has entered into exclusive negotiations to acquire a portfolio of 15 US luxury hotels owned by Anbang Insurance Group, val...
Aug 26, 2019 (Gmt+09:00)
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PAG likely to buy Hyatt hotel in Seoul and nearby land for $400 mn
Hong Kong-based investment firm PAG has been named a preferred buyer of Grand Hyatt Seoul and its nearby residential land which are valued at abou...
Aug 22, 2019 (Gmt+09:00)
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CVC to buy Korea’s No.2 hotel booking app in $300 mn deal
CVC Capital Partners is set to buy a controlling stake in South Korea’s No. 2 accommodation booking app operator and in separate talks with minority s...
Aug 02, 2019 (Gmt+09:00)
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Mirae Asset, NH Investment lend $182 mn on LA hotel, condos
Mirae Asset Daewoo Co. Ltd. and NH Investment & Securities Co. Ltd. have provided $182 million loans on a luxury hotel and condominium development...
Jun 21, 2019 (Gmt+09:00)
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KTCU, Meritz Fire invest $100 mn in debt of US hotel-focused REIT
The Korean Teachers’ Credit Union (KTCU) and Meritz Fire & Marine Insurance Co. Ltd. have invested $100 million in a mezzanine loan secured by 92 ...
Jun 07, 2019 (Gmt+09:00)
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Three Korean brokerages lend $330 mn on US hotels, resort
Meritz Securities Co. Ltd. has extended a senior loan of $229 million on two new hotels in Nashville, which marked the third biggest construction loan...
Apr 14, 2019 (Gmt+09:00)
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Ascendas buys $69 mn Seoul hotel from KTCU-backed fund
Singapore’s Ascendas Hospitality Trust has acquired a hotel in downtown Seoul for 77.5 billion won ($69 million) from a South Korean real estate fund ...
Nov 30, 2018 (Gmt+09:00)
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Midas Asset invests $100 mn in US hotel portfolio-backed debt
Midas Asset Management, a small-sized South Korean fund manager, has invested $100 million in a mezzanine debt secured on 53 hotels across the United ...
Nov 07, 2018 (Gmt+09:00)
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KB Financial units invest $103 mn in Spain hotel portfolio-backed debt
KB Asset Management Co. Ltd. and other units of South Korea’s top banking group KB Financial Group co-invested 90 million euros ($103 million) in a se...
Nov 05, 2018 (Gmt+09:00)
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Hanwha Asset invests $44 mn in Tokyo hotel-backed mezzanine debt
Hanwha Asset Management Co. Ltd. has made its first direct investment in Japan’s commercial property market by underwriting 49.8 billion won ($44 mill...
Aug 08, 2018 (Gmt+09:00)
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Hana Alternative invests $300 mn in Times Square hotel-backed debt
Hana Alternative Assets Management Co. Ltd. has collected $300 million from seven South Korean institutional investors to invest in mezzanine debts on...
Apr 25, 2018 (Gmt+09:00)
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Korean credit cooperatives picks seasoned insurance asset manager as CIO
MG Korean Federation of Community Credit Cooperatives, which manages $50 billion of assets, named Sang-hun Kim, a former managing director and head of...
Mar 28, 2018 (Gmt+09:00)
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