The hotel industry has grown much in Korea in the past years mainly thanks to increasingly more tourists from China, but also Vietnam, Japan, and other regional countries.
Plenty of international hotel operators have opened new hotels in cities like Seoul and Busan and companies like Marriott are bullish on the market. Domestic traveling grows here as well, especially among young Koreans, that have a strong purchasing power.
With a promising economy and growing population, experts predict that the economy will perform well in the coming years.
However, investing in Korea hotels can seem like a challenging task with foreign eyes and requires that you do due diligence and work with a credible partner.
In this article, we review the following topics:
- Can foreigners buy hotels in Korea?
- The Hotel Market in Korea
- Best Cities for Hotel Investments in Korea
- How can I find hotels for sale in Korea?
- How much do I have to pay my real estate agent?
- What are the biggest hotel operators in Korea?
Can foreigners buy hotels in Korea?
Korea brings similarities to Japan where property ownership regulations are practically identical between foreigners and locals. Yet, both countries are renowned for exerting a high level of bureaucracy. Continue reading How to Buy Hotels in Korea: An Overview