LOTTE HOTEL Acquires Kimpton Hotel Monaco Chicago and Plans Rebrand
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 […]
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