Taean Resort Normalization & Value-Add Project

Description:

Taean Resort – Distressed Real Estate Reacquisition & Completion Investment Opportunity
Location:Taean-gun, Chungcheongnam-do, South Korea
Investment Opportunity
This is an institutional capital partnership opportunity, not a direct sale offering by the current property owner

An original developer-led opportunity to reacquire, rehabilitate, and complete a large-scale resort development in South Korea.
Construction commenced in 2008 and was suspended in 2011, with a historically reported construction progress rate of approximately 71.24%.
The original project sponsor is seeking an institutional investment partner to structure the acquisition, rehabilitation, and completion of the development.
Indicative Capital Requirement: KRW 300 Billion (approximately USD 220 Million)
• Asset acquisition: KRW 70 billion
• Structural assessment, remediation and reinforcement: KRW 35 billion
• Construction completion and fit-out: KRW 195 billion
All amounts are preliminary and subject to independent technical, legal, commercial, and financial due diligence.
Proposed Investment Structure
The sponsor is open to institutional joint ventures, preferred equity, structured credit, acquisition financing, and other mutually agreed capital solutions.
Potential investor economics, governance rights, security arrangements, and exit mechanisms will be negotiated based on the final transaction structure.
Key Due Diligence Considerations
The proposed acquisition is subject to agreement with the current property owner, verification of title and encumbrances, confirmation of permit status, independent structural assessment, and validation of the revised development budget.
Potential Exit Strategies
Potential exit alternatives include hospitality operations, membership-based sales where legally and commercially feasible, refinancing, or a whole-asset disposition, subject to market conditions and further analysis.
Investment Contact
Mr. Nam Oh-HyeonChief Financial OfficerEmail: noh295@hanmail.netMobile: +82-10-4411-0469

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