LOTTE HOTEL Expands Its Global Operation With Lifestyle Hotel Brand ‘L7’ Launching in Chicago

January 25, 2022

SEOUL, South Korea - January 25, 2022 - The biggest hotel group in South Korea, LOTTE HOTEL has completed its acquisition contract for Kimpton Hotel Monaco located at 225 N Wabash Avenue, Chicago, USA on January 14th, 2022 (CST). It was a joint investment with Korea Overseas Infrastructure & Urban Development Corporation which supports global expansion of Korean brands and services, and around $36 million was invested. It has been decided to operate under 'L7', a lifestyle hotel brand of LOTTE HOTEL, and is expected to open in the second half of 2023. A lifestyle hotel refers to a boutique hotel equipped with tre...