Mirae Asset Global Investments buys Four Seasons in Sydney
Mirae Asset Global Investments, an affiliate of Korea’s Mirae Asset Management, has acquired the Four Seasons Hotel Sydney, one of the city’s trophy five-star hotels, for $306.8 million.
The newly-acquired hotel will be managed by Millinium Capital Managers, a Sydney based firm.
“This is an exciting investment by one of Korea’s largest financial institutions and we believe it will not be the last. We are looking forward to continuing the success of the Four Seasons Hotel Sydney,” said David Grey, managing director of Millinium Capital Managers.
Mirae Asset Global Investments manages $58 billion in assets globally and has invested in commercial real estate properties in Brazil, China, India and the United States.