Hotel Lotte Co., Ltd.
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Hotel Lotte Co., Ltd. - overview
Established
1973
Location
Seoul, -, South Korea
Primary Industry
Travel & Leisure
About
Hotel Lotte Co. , Ltd. is a renowned luxury hospitality company that provides upscale accommodation and exceptional services, aiming to elevate the travel experience for both business and leisure guests. Founded in 1973 in Seoul, South Korea, Hotel Lotte Co.
, Ltd. specializes in luxury hospitality. The company has expanded its operations to include various hotel brands, enhancing its portfolio to cater to a diverse clientele. The founder's history includes previous ventures in the hospitality industry, establishing a notable presence in the sector.
LOTTE HOTELS & RESORTS offers a comprehensive portfolio of luxury hospitality services, including premium accommodations through brands such as SIGNIEL, LOTTE HOTELS, L7 HOTELS by LOTTE, and LOTTE City Hotels. The core product offerings encompass a range of services designed to meet the diverse needs of travelers, including business and leisure guests. These services feature well-appointed guest rooms, gourmet dining experiences, and extensive facilities tailored for conferences and weddings. The company aims to provide an elevated lifestyle experience, catering to customers who value quality and comfort.
The geographical markets for these offerings extend globally, with a significant presence in regions such as North America, Europe, and Asia, allowing the company to attract a diverse clientele that includes international business travelers, tourists, and local residents seeking premium hospitality experiences. In 2023, LOTTE HOTELS & RESORTS generated revenue of USD 3. 64 bn and an EBITDA of USD 392. 66 mn.
The revenue primarily comes from room bookings, dining services, and event hosting, engaging with both individual guests and corporate clients. The firm also offers loyalty programs such as LOTTE HOTEL Rewards, incentivizing repeat business by providing benefits for frequent guests, alongside flagship offerings like SIGNIEL that significantly contribute to high-value transactions. The future strategy for Hotel Lotte Co. , Ltd.
includes the launch of new premium accommodations and dining experiences tailored for emerging markets by 2025. The company plans to expand its footprint in Asia and Europe, targeting key cities known for tourism and business travel. Recent funding will be allocated to support these initiatives, enhancing their marketing efforts and facility renovations to align with new brand standards.
Primary Industry
Travel & Leisure
Sub Industries
Travel & Tourism, Hotels & Accommodations
Website
www.lottehotel.com
Total Amount Raised
Subscriber access only
Hotel Lotte Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | Lotte Rental Co., Ltd. | - |
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