S Korean budget hotel platform Yanolja gets $200m from Booking, Singapore's GIC

S Korean budget hotel platform Yanolja gets $200m from Booking, Singapore's GIC

Tea service in a hotel room. Photo: Pixabay

Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion (£788 million) from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chief executive told Reuters.

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