Reuters reveals South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding

10 June 2019, 12:00 am. 1 minute

Reuters was first to report that South Korean love hotel operator Yanolja has secured $200 million from U.S. peer Booking Holdings Inc and Singapore sovereign wealth fund GIC Pte Ltd, giving it a valuation of more than $1 billion. The budget hotel and online booking platform operator has struck a chord with investors keen to capitalize on the globalization of a novel approach to short-stay accommodation, the exclusive interview with CEO Kim Jong-yoon revealed.

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Type: Reuters Best

Sectors: Equities

Regions: Asia

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Reuters reveals South Korean firm Yanolja that reinvented love hotels gets Booking, GIC funding

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