Core Viewpoint - Goldman Sachs has acquired the Mercure Ambassador hotel in Seoul for approximately $190 million, aiming to strengthen its alternative investment strategy in South Korea's real estate market [1]. Group 1: Acquisition Details - The acquisition includes 270 guest rooms and a retail property located in the bustling Hongdae area of northwest Seoul [1]. - The total payment for the asset was 262 billion Korean Won, equivalent to about $190 million [1]. Group 2: Strategic Importance - Goldman Sachs views South Korea as a strategic priority market for its real estate investment platform in the Asia-Pacific region [1]. - The location of the property is noted for its high foot traffic, indicating significant long-term value potential [1].