LOTTE HOTEL completed its acquisition contract for Kimpton Hotel Monaco in Chicago. The acquisition was a joint investment with Korea Overseas Infrastructure & Urban Development Corporation, which supports the global expansion of Korean brands and services. Around $36 million was invested. The hotel will operate under “L7,” a lifestyle hotel brand of LOTTE HOTEL, and is expected to open in the second half of 2023. L7 HOTELS aim to be open spaces with new experiences […]

The post LOTTE HOTEL Acquires Kimpton Hotel Monaco Chicago and Plans Rebrand appeared first on LODGING Magazine.

This post was originally published on this site