Articles tagged “hotel lotte”

Embezzlement Investigations Force Lotte to Abandon Its $4.5 Billion IPO

Embezzlement Investigations Force Lotte to Abandon Its $4.5 Billion IPO

Regina Tan and Sohee Kim, Bloomberg

If we thought things were already complicated enough with Lotte's family feud, they just got a lot more complicated now that the company is under investigation for embezzlement.

2 years ago

South Korean Investors Buy Up Beachfront Resorts, Landmark Hotels Abroad

South Korean Investors Buy Up Beachfront Resorts, Landmark Hotels Abroad

Hui-yong Yu and Sohee Kim, Bloomberg

Chinese insurance firms named Anbang aren't the only ones looking to invest in hotel properties abroad.

2 years ago

South Korea’s Giant Hotel IPO Delayed Due to Executive Investigation

South Korea’s Giant Hotel IPO Delayed Due to Executive Investigation

Regina Tan and Jung Park, Bloomberg

They were pushing hard to make the IPO happen fast, but these disclosure do not make for a good environment to go public, no matter how large the company.

2 years ago

Hotel Lotte’s $4.8 Billion IPO Is Big, But It Comes with Baggage

Hotel Lotte’s $4.8 Billion IPO Is Big, But It Comes with Baggage

Sohee Kim, Bloomberg

American travelers may not know the Lotte Hotels brand very well (although the company owns the iconic New York Palace hotel where President Obama stays). But it's clear that if the hotel group goes public, its reputation as a major international hospitality player will only grow--that is, if it can prevent family in-fighting from tearing the company apart.

3 years ago

South Korean Hotel and Duty Free Giant Plans IPO Amidst Family Power Struggle

South Korean Hotel and Duty Free Giant Plans IPO Amidst Family Power Struggle

Lee Chang-ho and Joyce Lee, Reuters

We've almost forgot what a travel brand IPO looks like.

3 years ago