Number of Assets | 2 |
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Location & Use | Mid-sized hotel (Aneuk Hotel – Seoul), Parking tower (La Porte Blanc Seohyeon – Gyeonggi) |
Tenants | Hotel – The Rest, Parking Tower – La Porte |
Appraised Value at Acquisition | Hotel – KRW 12.1 billion, Parking Tower – KRW 11.2 billion |
Estimated Property Value | Hotel – KRW 12.9 billion, Parking Tower – KRW 11.2 billion |
*(As of 25.04)
*Previous appraisal values are based on market appraisal values of the gas station (May 2020, Joongang Appraisal) and the logistics center (March 2022, Nara & Kyungil Appraisal).
*The application of the reappraised book value (March 2025, Kyungil Appraisal) at the time of settlement, using the fair value model for investment properties, is currently under review and not yet finalized.
Subject Properties | 2 assets (Aneuk Hotel Hongdae, La Porte Blanc Seohyeon Parking Tower) |
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Lease Terms | Aneuk Hotel – 5 years, La Porte Blanc Seohyeon Parking Tower – 10 years |
Security Deposit | Aneuk Hotel – 10 months of monthly rent, La Porte Blanc Seohyeon Parking Tower – 12 months of monthly rent |
Rent Escalation | Base Rent Aneuk Hotel 1.5% annual increase (minimum guaranteed rent) Base Rent La Porte Blanc Seohyeon Parking Tower 50% increase between the 2nd and 3rd year renewal period, followed by a 5% annual increase starting after the 3rd year renewal (minimum guaranteed rent) |