CDL buys hotel in Seoul for KRW140 bil
CDL, through its wholly-owned subsidiary CDL Hotels (Korea), has acquired the Nine Tree Premier Hotel Myeongdong II in Seoul, South Korea, for an amount of KRW140 billion ($143.9 million). The acquisition of the 408-room hotel was made from Shinhan Nine Tree Real Estate Investment Trust and equated to $353,000 per key. The hotel is located […]