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, […]

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