• Koreans buy Hilton Vienna

A consortium of South Korean investors has bought the Hilton in Vienna for USD375m. The asset will be held through a fund to be created by Seoul-based Mastern Investment Management, reports Pulse Korea.

Hilton renewed the lease on the 660 room hotel last year, for a further 20 years minimum. The deal includes a USD75m remodelling of the property, to take place over the next year.

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