South Korea’s Hyundai Heavy Industries Co., which has been shedding non-core assets, sold its entire stake in subsidiary Hotel Hyundai to domestic private equity firm Hahn & Company at 200 billion won ($178.7 million). We assisted Hahn & Company to plot a strategy for the new holding entity towards an exit and provided asset management services for the three hotels in Ulsan, Mokpo and Gyeongju plus the corporate office. Since then, Hahn & Company launched the Lahan brand and embarked on an aggressive domestic growth trajectory.
Giving the new owners of the properties a comprehensive understanding of their financial, operational and CapEx conditions with recommendations for enhancements across the board.
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