South Korea hotel assets attract investors as foreign arrivals hit record 18.94 million
AI Summary- CapitaLand Investment Management acquired voco Seoul Myeongdong for 368.6 billion won.
- 18.94 million foreign visitors arrived in South Korea last year, an all-time high.
- Seoul had approximately 53,675 hotel rooms last year, with around 1,000 added annually since 2023.