Lotte Buys Seattle Hotel

Published on 2020/01/05 | Source

The F5 Tower /Yonhap

Lotte Hotel will open an establishment in Seattle in June next year.

Alongside Hana Financial Investment, Lotte signed a US$175 million contract with U.S. hedge fund Stockbridge for hotel space at the F5 Tower in downtown Seattle on Dec. 24, the company said Sunday.

The 44-story tower is 20 km or a 15-minute drive from Tacoma International Airport and has hotel space for 189 guest rooms from the first to the 16th floor. The higher floors are used as offices.

Nearby are the headquarters of Microsoft, Amazon and Starbucks and offices of Apple, Disney and HP.

"We now have three Lotte hotels on U.S. territory -- Lotte New York Palace, Lotte Hotel Guam, and now Lotte Hotel in Seattle, the largest city in the northwest U.S"., said Lotte Hotel president Kim Hyun-sik.

The worldwide total is 32, with 12 overseas and 20 in Korea.