Korean Asset Manager in Talks to Buy Fairmont Hotel in San Francisco for $450MM

A late Thursday report by The Korea Times states that Seoul, South Korea-based Mirae Asset is in negotiations to purchase the venerable Fairmont Hotel in San Francisco for $450 million or 540 billion won. That would place the sale price at just over $760,000 per room. Mirae Asset, one of Korea’s largest financial services firms, […]