More Korean money targets Europe with the purchase of the Hilton Parkview for €370 million
Munich-based Wealthcore Investment Management has joined forces with a consortium of Korean investors including Hana Financial Investment to acquire the Hilton Parkview hotel in Vienna for €370 million ($414 million), according to an announcement by the German firm.
Wealthcore and Korean asset manager Mastern Investment Management, which acted on behalf of Hana Financial, Meritz Securities and NH Investment & Securities, acquired the hotel from two Austrian family offices represented by Vienna-based Invester United Benefits.
The acquisition of the 571 room property, which is the largest hotel in Austria and the third-largest Hilton hotel in Europe, comes just one month after a pair of transactions in Europe saw real estate assets valued at more than $1 billion snapped up by Korean…
