CPP Investments forms partnership with BlueCove Investment to invest in Korean hotels

CPPIB forms partnership with BlueCove Investment to invest in Korean hotels

Pension fund manager will hold 95% stake in the venture

CPP Investments forms partnership with BlueCove Investment to invest in Korean hotels

TORONTO - Canada Pension Plan Investment Board has announced a $474-million partnership with Korean asset manager BlueCove Investment to invest in hotels in Seoul, South Korea.

Canada’s CPPIB in $329M Korea Hotel Deal with BlueCove

Five months after entering Japan’s hospitality sector, the Canada Pension Plan Investment Board has announced plans to invest in South Korean hotels through a KRW 500 billion ($326 million) partnership with Seoul-based BlueCove Investment. The partnership, 95 percent owned by... Read More>> The post Canada’s CPPIB Expands Asia Hotel Bets in $329M Korea Deal with BlueCove appeared first on Mingtiandi.