Jones Lang LaSalle (“JLL”) has been retained by Asia Hospitality Investors B.V. and SMC Hotels B.V. (the “Seller”), on a sole and exclusive basis to offer for sale the Grand Hyatt Seoul (the “Hotel” or “Property”) located at 322 Sowol-ro, Yongsan-gu, Seoul, South Korea.
Occupying an expansive, 73,272 m2 (22,164 pyeong) freehold site at the base of Mount Namsan with panoramic views of the city and Han River, the Property represents one of the most unique offerings to ever become available in the region. The iconic, 18-storey, 615-room luxury Hotel acts as the main social nexus for the exclusive Hannam community, providing some of the most popular dining, entertainment and social spaces for guests and locals alike. Furthermore, the Property presents future development potential for an incoming investor, including 8,757m2 (2,649 pyeong) of separately-titled land zoned for residential use and additional expansion possibilities for the Hotel’s site.
Offered with the benefit of a long-term management agreement with Hyatt Hotels Corporation (“Hyatt”), the Property represents a generational opportunity to acquire a freehold asset in one of Asia’s most attractive gateway cities with the benefit of experienced management and strong brand recognition. Detailed information on the Hotel including financial, title, legal and building information is available for review upon the execution of a Confidentiality Agreement.