Brookfield Asset Management has agreed to sell the Conrad Hotel in Seoul to ARA Korea, a division of Singapore-based ARA Asset Management, amid a significant rebound in tourism.
International visitor numbers in the first quarter of 2024 have recovered to 88.6% of 2019 levels, as reported by Korea’s Ministry of Culture, Sports, and Tourism. ARA Korea, through its private equity arm ARA Korea REF Limited, completed the
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