Hyundai Heavy Industries of Korea sold 100% of its subsidiary Hotel Hyundai to domestic private equity fund Hahn & Company for 200 billion won (approximately $178.7 million) as part of the process of divesting non-core assets. We assisted Hahn & Company in establishing a new holding company's strategy and providing asset management services for the three hotels located in Ulsan, Mokpo, and Gyeongju, as well as for the headquarters.
Since then, Hahn & Company has launched the Lahan brand and pursued an aggressive domestic growth strategy.
