이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Mirae Asset Daewoo invests $95 mn into US hotel in Las Vegas
- Collected
- 2018.01.05
- Distributed
- 2018.01.08
- Source
- Go Direct
![Cosmopolitan of Las Vegas hotel in Las Vegas, the United States <br><br>[Picture provided by Mirae Asset Daewoo] <br><br>](http://file.mk.co.kr/meet/neds/2018/01/image_readtop_2018_11266_15151332983161564.jpg)
Cosmopolitan of Las Vegas hotel in Las Vegas, the United States
[Picture provided by Mirae Asset Daewoo]
Mirae Asset Daewoo said on Thursday that it purchased mezzanine debt worth $95 million extended to Cosmopolitan of Las Vegas hotel in Las Vegas, Nevada, that is owned by U.S. private equity firm Blackstone Group.
The investment period is a maximum of seven years with a monthly floating interest rate, raising expectations that the Korean securities firm would gain additional returns upon a rise in U.S. benchmark rate. Mirae Asset Daewoo did not disclose an expected yield from the latest investment.
The landmark hotel in Las Vegas consists of a 50-story eastern tower and a 52-story western tower. Blackstone currently operates the hotel with 3,028 rooms jointly with leading global lodging company Marriott International.
The Las Vegas hotel investment follows a slew of Mirae Asset Daewoo’s investments in major properties at home and abroad in recent years. The securities firm acquired Hyatt Regency Waikiki Beach Resort and Spa in Hawaii in 2016 and recently decided to invest 460 billion won ($433.4 million) in the mega project for Pangyo industrial platform development. It also arranged a 50 billion won worth fund that aims to invest in energy storage system facilities in Korea.
As of 3:03 p.m. Friday, shares of Mirae Asset Daewoo were 1.48 percent down at 9,290 won from the previous session.
By Shin Heon-cheol and Lee Ha-yeon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]