February 19, 2018 12:18
The Lotte New York Palace Hotel was chosen as one of the best hotels in New York. In a survey of over 230 hotels by U.S. News & World Report, the Lotte-owned hotel ranked third, just three years after the conglomerate took it over.
The Beekman in Manhattan took the top spot, followed by the Lowell Hotel New York.
Lotte bought the hotel for US$850 million in 2015 from Northwood Investors, a real estate investment and management firm in New York.
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